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    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_53f4820d-0b59-441e-b78c-c36f15877e63_terseLabel_en" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Components of equity [axis]</link:label>
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    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_722fb0d4-b36a-4ce9-b3b9-2cf877a2b18e_terseLabel_en" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Current liabilities [abstract]</link:label>
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    <link:label id="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification_019a5f65-d8f0-425e-8dbe-dedd536b4e60_terseLabel_en" xlink:label="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Name of reporting entity or other means of identification</link:label>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_3aecc60d-bc28-4118-a8d3-6bdbfd78648a_terseLabel_en" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Other comprehensive income [abstract]</link:label>
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    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_0c9b4df6-1068-4d5b-bc1c-d437fc04d5da_terseLabel_en" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Equity and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityAndLiabilitiesAbstract"/>
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    <link:label id="lab_tef_ReceivablesAndOtherAssetsCurrent_documentation_en" xlink:label="lab_tef_ReceivablesAndOtherAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Receivables and other current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_tef_ReceivablesAndOtherAssetsCurrent" xlink:href="549300EEJH4FEPDBBR25-2023-12-31.xsd#tef_ReceivablesAndOtherAssetsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tef_ReceivablesAndOtherAssetsCurrent" xlink:to="lab_tef_ReceivablesAndOtherAssetsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_42bbda8e-c317-477b-9cdb-7b9f058ecb52_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Increase (decrease) in cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReductionOfIssuedCapital_6b515d9f-72ed-498a-995d-d6c73adb5409_negatedLabel_en" xlink:label="lab_ifrs-full_ReductionOfIssuedCapital" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Reduction of issued capital</link:label>
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    <link:label id="lab_tef_NetPaymentsOfInterestAndOtherFinancialExpensesNetOfDividendsReceived_label_en" xlink:label="lab_tef_NetPaymentsOfInterestAndOtherFinancialExpensesNetOfDividendsReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Net payments of interest and other financial expenses, net of dividends received</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_tef_NetPaymentsOfInterestAndOtherFinancialExpensesNetOfDividendsReceived" xlink:href="549300EEJH4FEPDBBR25-2023-12-31.xsd#tef_NetPaymentsOfInterestAndOtherFinancialExpensesNetOfDividendsReceived"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_ed69cc16-3184-46a3-8ce6-862761e93217_terseLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) operating activities [abstract]</link:label>
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    <link:label id="lab_tef_CashPaidFromOperations_label_en" xlink:label="lab_tef_CashPaidFromOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash paid from operations</link:label>
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