7th Apr 2005 07:00
Telefonica SA06 April 2005 RAMIRO SANCHEZ DE LERIN General Vice Secretary and Vice Secretary to the Board of Directors TELEFONICA, S.A. Further to the notification on March 31st, 2005 filed under RNS No. 4094K,Telefonica S.A., as provided in article 82 of the Spanish Securities Market Act(Ley del Mercado de Valores) hereby reports the following SIGNIFICANT EVENT As part of the privatisation of listed Czech company Cesky Telecom a.s., thegovernment of the Czech Republic publicly announced in official informationtoday that the bid submitted by Telefonica S.A. has won the tender for acquiring51.1% of equity in the company. The Czech government thus adhered to thenon-binding recommendation made on March 30th by the Privatisation Committeeformed for this process. After the decision adopted today by the Czech cabinet, implementation of theoperation remains subject to fulfilment of various contractual terms, includingthe corresponding approval of European competition authorities. Telefonica S.A.considers that in normal circumstances the acquisition could be implemented inthe third quarter of 2005. The acquisition by Telefonica S.A. of 51.1% of equity in Cesky Telecom a.s.implies a public offer being made subsequently to purchase the remaining 48.9%of company equity. Madrid, April 6th, 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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