EC announces its decision in connection with O2

RNS Number : 9272X

Telefonica SA

11 May 2016

 

RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES

General Secretary and

Secretary to the Board of Directors

TELEFÓNICA, S.A.

TELEFÓNICA, S.A. (hereinafter "Telefónica"), as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following

SIGNIFICANT EVENT

Following the Significant Event published on March 24, 2015, in relation to the definitive agreement reached between Telefónica and Hutchison Whampoa Group for the potential acquisition by the latter of the Telefónica subsidiary in the UK (O2 UK), Telefonica informs that the European Commission has announced its decision to prohibit the transaction under the European Union merger regulations.

Telefónica's guidance, leverage target and planned dividend policy remain unchanged.

Madrid, May 11, 2016

 

END

 

 

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