19th Apr 2007 07:44
Telefonica SA19 April 2007 Pursuant to the Significant Event registered in December 15th, 2006, and asprovided in article 82 of the Spanish Stock Market Act (Ley del Mercado deValores), TELEFONICA, S.A. hereby reports the following SIGNIFICANT EVENT TELEFONICA O2 EUROPE PLC, a 100% subsidiary of TELEFONICA, S.A., and O2HOLDINGS LTD, a wholly owned company by TELEFONICA O2 EUROPE PLC, have todaysigned a final binding agreement with GUARDIAN DIGITAL COMMUNICATIONS LIMITED, acompany wholly owned by funds managed by the MACQUARIE GROUP, for the disposalof 100% of AIRWAVE O2 LTD (a subsidiary of O2 HOLDINGS LTD), a leading providerof communications services and solutions to public safety users in the UK. The parties have agreed to complete the transaction on 20th April 2007. Thetotal value of AIRWAVE O2 LTD (firm value) is 2,982 million Euros(*) (2,015million British Pounds), generating total net proceeds for O2 HOLDINGS LTD atcompletion of 2,860 million Euros(*) (1,932 million British Pounds) afterdeducting AIRWAVE O2 LTD's net debt and other liabilities. Madrid, 18th April, 2007. (*) Exchange rate • /GBP: 1.48 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TDE.L