28th Feb 2006 15:27
Telefonica SA28 February 2006 Telefonica S.A., as provided in article 82 of the Spanish Stock Market Act (Leydel Mercado de Valores), hereby reports the following SIGNIFICANT EVENT The Board of Directors of Telefonica, S.A., at its meeting on today's date,resolved to explore strategic alternatives in relation to Telefonica's holdingin the share capital of Telefonica Publicidad e Informacion, S.A. (TPI),including total or partial disinvestment in that company (sale). Telefonica,S.A. will to that end contact persons potentially interested in the acquisitionof that holding. Madrid, February 28th, 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TDE.L