Telefonica Sa · BME:TEF

Telefonica Sa — Telefonica S A — Merger or Acquisition (October 2004)

6 slides from Telefonica Sa's merger presentation, Oct 29, 2004

  1. Slide 1: ‘Note: Financial results for reflect the impact of last ye

    ‘Note: Financial results for 904 reflect the impact of last ye ‘month of December 2003 mas campaigns, as they include the

  2. Slide 2: The Colombian wireless market

    The Colombian wireless market Comeei (100% AMX) Started cperations in 1994 Uses AMPS, TOMA.800 & 6S¥.800 Compton} Ota (60% ETS; S0% EPMA) Started eperations in 2003 ‘Shareholders: TEM™ (77.6%), Grupo Bavaria'(22.4%) BellSouth || consolidation method: Full consolidation Colombia || Started operations

  3. Slide 3: The Nicaraguan wireless market

    The Nicaraguan wireless market ‘Eritel movil (wireless subsidiary of Ente Started operations in Dacember 2002 {Uses GSI 1900 Compatior | Sercom (100% AN Started eperations in Dacember 2002 ‘Shareholders: TEM (100%) BellSouth || consolidation method: Full consolidation Nicaragua || Started operations

  4. Slide 4: The Peruvian wireless market

    ofinica ‘over The Peruvian wireless market, "Telecom italia (160% TiN) Slaited cperations: 2000 Compatinre )}Uses GSW-1900 ‘Nextel Started operations: 1997 Uses -Den Technology Shareholders: TEM (974%) freeoat BellSouth || consolidation method: Full consolidation Bera Started operations 1980, Uses T

  5. Slide 5: The Uruguayan wireless market

    The Uruguayan wireless market _ e TANCEL (wireless Sdbsidiary of ANTELY Hroase state mes Started eperations: 1004 Ween AMPS TOMA:800 £SSUL8001800.. Topp \! +: iafermatan canis)! 3,0008 (2002) H Started cperations: 3.2. ina is (2008) Compare JES 104 (expected) ‘Shareholders: TEM" (68%); Motorola* (32

  6. Slide 6: Signatures

    SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Telefónica, S.A. Date: October 29 th , 2004 By: /s/ Antonio Alonso Ureba Name: Antonio Alonso Ureba Tit

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