[1] Telepizza was founded as "Pizza Phone" in 1987[2] by Leopoldo Fernández Pujals, a Cuban-born American businessman, in Madrid's El Pilar neighbourhood.

As of 2010, Telepizza has 1025 outlets worldwide; thereof 603 stores in Spain and 422 in markets such as Portugal, the United Kingdom,[3] Peru, Chile, Poland, Russia, Central America, the United Arab Emirates, Saudi Arabia, and Iran.

[6] Prior to its IPO, the company was owned by the founding Ballvé family and private equity fund Permira.

A similar situation occurred in Bolivia, where Telepizza's operations in that country were rebranded as Tpizza.

This was due to economic, competitive and financial reasons that hindered its projection as a pizza chain throughout the territory.