Expiration of the Offer for B

RNS Number : 5295P

Telefonica SA

19 July 2010

 



Telefónica, S.A. ("Telefónica"), as provided in article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores) and following instructions from the Spanish Securities Market Commission, hereby reports the following

SIGNIFICANT EVENT

Further to the significant events  released with regard to the binding and unconditional offer submitted by Telefónica (the "Offer") for the acquisition, directly or through any of the companies within its Group, of 50% of the capital stock of the Dutch company BRASILCEL, N.V. (which is jointly owned by Telefónica and Portugal Telecom, SGPS, S.A., and which directly and indirectly owns shares representing, approximately, 60% of the capital stock of the Brazilian company Vivo Participações, S.A.), Telefónica hereby informs that since the Board of Directors of Portugal Telecom, SGPS, S.A. has not accepted the Offer within its deadline, such Offer has expired.

The communications between Portugal Telecom, SGPS, S.A. and Telefónica are attached hereto.

http://www.rns-pdf.londonstockexchange.com/rns/5295P_-2010-7-19.pdf 

Madrid, July 17, 2010.

 

END

 

 

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