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Conversations with PT

26th Apr 2007 10:27

Telefonica SA26 April 2007 TELEFONICA, S.A., as provided in article 82 of the Spanish Stock Market Act(Ley del Mercado de Valores), hereby submits the following NOTICE With respect to the news published this past 24 April in the "Broadcast daAgencia Estado" information dissemination system of Brazil on possible changesin the shareholder base of VIVO PARTICIPACOES S.A., TELEFONICA, S.A. statesthat it has been carrying on conversations with PORTUGAL TELECOM, SGPS, S.A.with certain frequency in relation to the future shareholder structure ofBRASILCEL, N.V. (parent company of VIVO PARTICIPACOES, S.A), without anyagreement having been signed. Madrid, 25 April 2007 This information is provided by RNS The company news service from the London Stock Exchange

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