3rd Qtr Results-Suppl. Info.

Telefonica SA
22 November 2001


KEY HOLDINGS OF THE TELEFONICA GROUP AND ITS AFFILIATES

GRUPO TELEFONICA                   % PART.

  TELEFONICA DE ESPANA             100,00%
  TELEFONICA MOVILES                93,16%
  TELEFONICA DATACORP              100,00%
  TELEFONICA LATINOAMERICA         100,00%
  TPI                               59,90%
  TERRA LYCOS                       37,63%
  ADMIRA MEDIA                     100,00%
  EMERGIA                           93,99%
  ATENTO                           100,00%
  TELEFONICA B2B                   100,00%

TELEFONICA MOVILES                 % PART.

  TELEFONICA MOVILES ESPANA        100,00%
  TELESUDESTE CELULAR               82,02%
  CRT CELULAR                       38,20%
  TELELESTE CELULAR                 10,75%
  TCP ARGENTINA                     97,93%
  TEM PERU                          97,06%
  TEM EL SALVADOR                   44,22%
  TEM GUATEMALA                     51,00%
  BAJACEL                          100,00%
  NORCEL                           100,00%
  CEDETEL                          100,00% 
  MOVITEL                          100,00%
  GROUP 3G ALEMANIA                 57,20% 
  IPSE 2000 (ITALIA)                45,59%
  3G MOBILE (AUSTRIA)              100,00%
  3G MOBILE AG (SUIZA)             100,00%
  MEDI TELECOM                      30,50%
  TERRA MOBILE                      51,00%
  M-SOLUTIONS                      100,00%
  MOBIPAY INTERNACIONAL             50,00%

ADMIRA MEDIA                        % PART.

  ANTENA 3 TV                       47,51%
  ONDA CERO                        100,00%
  RADIO VOZ                        100,00%
  TELEFE                           100,00%
  AZUL TELEVISION                   50,00%
  ENDEMOL                           99,34%
  PATAGONIK FILM GROUP              30,00%
  LOLA FILMS                        70,00%
  ART MEDIA                        100,00%
  TORNEOS Y COMPETENCIAS            20,00%
  ST HILO                          100,00%
  RODVEN                            51,00%
  EUROLEAGUE                        70,00%
  AUDIOVISUAL SPORT                 40,00%
  ADMIRA SPORT                     100,00%
  VIA DIGITAL                       48,63%
  ADMIRA SERVICIOS AUDIOVISUALE    100,00%
  PEARSON                            4,87%
  MEDIAPARK                         25,00%
  TICK TACK TICKET                  47,50%
  HISPASAT                          22,74%

TELEFONICA DATA CORP                % PART.
     
  TELEFONICA DATA ESPANA           100,00%
  TELEFONICA SISTEMAS              100,00%
  TELEFONICA DATA MEXICO            20,41%
  TELEFONICA DATA URUGUAY          100,00%
  TELEFONICA DATA COLOMBIA          50,01%
  REY MORENO                        50,00%
  TELEFONICA DATA BRASIL            99,00%
  TELEFONICA DATA VENEZUELA         99,99% 
  TELEFONICA DATA PERU              93,22%
  TELEFONICA DATA ARGENTINA         97,92%
  TELEFONICA DATA CANADA           100,00%
  TELEFONICA DATA USA              100,00%
  ETI AUSTRIA                      100,00%
  ATLANET                           34,00%
  MEDIAWAYS                        100,00%


TELEFONICA LATINOAMERICA          % PART.

  TELESP                            86,66%
  TELEFONICA DEL PERU               93,22%
  TELEFONICA ARGENTINA              97,92%
  TLD                               98,00%
  TELEFONICA CTC CHILE              43,64%
  CANTV                              6,91%


TPI                               % PART.

  GOODMAN BUSINESS PRESS            90,67%
  TPI ESPANA                       100,00%
  PUBLIGUIAS CHILE                 100,00%
  TPI BRASIL                        51,00%
  BUILDNET                          92,81%


TERRA LYCOS                       % PART.

  LYCOS VIRGINIA                   100,00%
  TERRA NETWORKS PERU               99,99%
  TERRA NETWORKS MEXICO            100,00%
  TERRA NETWORKS USA               100,00%
  TERRA NETWORKS GUATEMALA         100,00%
  TERRA NETWORKS EL SALVADOR        99,99%
  TERRA NETWORKS VENEZUELA         100,00%
  TERRA NETWORKS BRASIL            100,00%
  TERRA NETWORKS ARGENTINA         100,00%
  TERRA NETWORKS ESPANA            100,00%
  TERRA NETWORKS CHILE             100,00%
  TERRA NETWORKS URUGUAY           100,00%
  TERRA NETWORKS MARRUECOS         100,00%
  TERRA NETWORKS CARIBE            100,00%
  TERRA NETWORKS COLOMBIA          100,00%
  TERRA MOBILE                      49,00%
  BUMERAN                           83,20% 
  A TU HORA                         50,00%
  ONE TRAVEL.COM                    27,73%
  UNO-E BANK                        49,00%
  INVERSIS VALORES Y BOLSA          10,00%