Company Secretary Change

Telefonica SA
28 September 2005


Telefonica S.A., as provided in article 82 of the Spanish Securities Market Act
(Ley del Mercado de Valores) and in accordance with set forth in paragraph 4 of
article 6 of Royal Decree 377/1991, of March 15th, regarding the announcement of
significant participations in quoted companies, hereby reports the following

SIGNIFICANT EVENT

The Board of Directors of the Telefonica, S.A., at its meeting held today, has
accepted the resignation of Mr. Antonio J. Alonso Ureba from his position on the
Board and his  post as Secretary to the Board of Directors.

The Board of Directors has unanimously thanked Mr Antonio J. Alonso Ureba for
his work and dedication.

Likewise, the Board of Directors has agreed to appoint Mr Ramiro Sanchez de
Lerin Garcia-Ovies as Secretary non-Director of the Board  and General Secretary
of the Company

Madrid, September 28th, 2005




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