Final Results - Part 4

Telefonica SA
2 March 2001


PART 4

Consolidated Income Statement Full Consolidation
Unaudited figures
Euros in millions
  
                                               January-December             %
                                            2000           1999         Change

Operating Revenues (1)                      28,485.5       22,957.0       24.1
Internal expend capitalized in fixed
assets (2)(3)                                  951.8          872.5        9.1
Operating expenses                         (16,883.5)     (12,443.1)      35.7
  Supplies(3)                               (5,985.7)      (4,056.1)      47.6
  Personnel Expenses                        (5,111.7)      (4,411.5)      15.9
  Subcontracts                              (5,344.0)      (3,525.9)      51.6
  Taxes                                       (442.0)        (449.7)      (1.7)
Other operating income (expense) net (1)      (635.0)        (500.9)      26.8

EBITDA                                      11,918.8       10,885.4        9.5

Depreciation and amortization               (6,960.8)      (6,108.8)      13.9

Operating profit                              4,958.0       4,776.6        3.8
Profit from associated companies               (161.3)         (3.9)       n.s
Financial Income (expense) net               (1,860.3)     (1,429.4)      30.1
Amortization of goodwill                       (500.6)       (194.3)     157.6
Extraordinary income (expense) net              431.9        (512.2)       c.s

Income before taxes                           2,867.7       2,636.9        8.7

Income taxes                                   (242.2)       (176.4)      37.3

Net Income before minority interests          2,625.4       2,460.5        6.7

Minority interests                             (120.6)       (655.7)     (81.6)

Net income                                    2,504.8       1,804.8       38.8

Outstanding shares (million) (4)              3,711.1       3,168.5       17.1

Net income per share                             0.67          0.57       18.5
                                                                     

                                               October-December            %
                                            2000           1999         Change

Operating Revenues (1)                      7,730.9      6,457.7          19.7
Internal expend capitalized in fixed
assets (2)(3)                                 294.1        251.7          16.8
Operating expenses                         (4,706.0)    (3,851.0)         22.2
  Supplies(3)                              (1,755.9)    (1,397.1)         25.7
  Personnel Expenses                       (1,374.4)    (1,228.9)         11.8
  Subcontracts                             (1,452.8)    (1,034.4)         40.5
  Taxes                                      (123.0)      (190.6)        (35.5)
Other operating income (expense) net (1)     (287.0)      (147.7)         94.3

EBITDA                                      3,031.9      2,710.6          11.9

Depreciation and amortization               (1,912.5)    (1,596.8)         19.8

Operating profit                            1,119.5      1,113.9           0.5
Profit from associated companies              (69.4)        33.6           c.s
Financial Income (expense) net               (559.5)      (670.4)        (16.5)
Amortization of goodwill                     (210.4)       (62.6)        236.3
Extraordinary income (expense) net             17.4       (249.0)          c.s

Income before taxes                           297.6        165.6          79.8

Income taxes                                  415.6        385.7           7.7

Net Income before minority interests          713.2        551.3          29.4

Minority interests                            308.0       (160.4)       (292.0)

Net income                                  1,021.1        390.9         161.2

Outstanding shares (million) (4)            4,262.3      3,218.0          32.5

Net income per share                           0.24         0.12          97.2
                                                                              

         

(1) In March 99 figures, management fees have been reclassified from Other
    Operating Income to Operating Revenues. 
(2) including work in process.
(3) In March 99 figures, 8,3 million euros from TSM have been reclassified
    from internal expenditure capitalized in fixed assets to supplies.
(4) Average number of shares in the period. Includes increases due  to  bonus
    Issues and capital increases held in order to acquire shareholdings in
    Telefonica  de  Argentina, Telefonica del Peru, Telesp,  Telesudeste,       
    Endemol and ATCO, weighted for the number of days listed. The number of
    shares reflects  the  split (3-for-1) of 30/7/99 and 1999 figures have been 
    adjusted accordingly.

    At the end of the period, the total number of outstanding shares was
    4,340,710,735


Telefonica S.A.
Consolidated Balance Sheet
Unaudited figures
                                                             Euros in millions

                                                   December           %
                                              2000        1999       Change
Subscribed shares not paid-in                528.3         3.3       n.s.
Long-term assets                          66,807.1    49,521.6        349
 Star up expenses                            495.5       170.1      191.3
 Intangible net assets                    19,693.1     7.006.1      181.1
 Fixed net assets                         38,722.0    35,754.9        8.3
 Investments                               7,896.5     6,590.5       19.8

Goodwill on consolidation                  7,715.0     4,207.0       83.4
Deferred expenses                            735.0       873.6      (15.9)

Current assets                            16,591.9     9,540.7       73.9
 Inventories                                 791.5       476.1       66.3
 Accounts receivable                       8,527.2     7,062.1       20.7
 Short-term investments                    6,094.4     1,458.1      318.0
 Cash and banks                              765.6       186.1      311.4
 Other                                       413.2       358.3       52.5

Assets + Liabilities                      92,377.3    64,146.2       44.0

Shareholders'equity                       25,930.5    14,484.8       79.0
Minority interests                         9,329.8    10,614.4      (12.1)
Badwill on consolidation                      15.0
Deferred income                            1,442.0     1,055.3       34.4
Provisions for risks and expenses          6,887.8     6,756.3        1.9
Accrued taxes payable                      1,389.4     1,117.8       24.3
long-term debt                            23,303.5    16,670.5       39.8
Short-term debt including current 
  maturities                              10,507.9     5,445.8       93.0
Interest payable                             577.3       352.3       63.9
Other creditors                           12,994,1     7,649.0       69.9
Financial Data
Consolidated net debt (1)                 26,951.4    20,472.1       31.6
Consolidated debt ratio (2)                   41.4%       42.9%   (1.5 P.P.)

(1) Net debt: Long-term debt + Short-term debt including current maturities
   -Short-term investments - cash and banks.
(2) Debt ratio: Net debt/(shareholders'equity + minority interests 
    Deferred Income + Accrued taxes payable + Net debt)


Telefonica de Espana Group
Consolidated Income Statement
Unaudited Figures

                                                        Euros in Millions
                          January-December    %       October-December    %
                          2000     1999     Change     2000      1999   Change

Operating revenues     10,182.9   9,970.8     2.1    2,581.8    2,514.5    2.7
 Telefonica de Espania  9,592.9   9,625.1    (0.3)   2,456.6    2,390.5    2.8
 Others and eliminations  590.0     345.7    70.7      125.2      123.9    1.0
Internal expend capitalized 
   in fixed assets (1)    236.5     323.2   (26.8)      49.8       59.0  (44.0)
Operating expenses     (5,884.8) (5,266.6)   11.7   (1,489.6)  (1,481.0)   0.6
Other operating income 
  (expense) net           (42.1)     (0.7)    n.s.     (63.1)     (11.1) 469.3

EBITDA                  4,492.5   5,026.7   (10.6)   1,079.0    1,111.3   (2.9) 


Depreciation and 
 amortization          (2,901.2) (3,156.3)   (8.1)    (724.4)    (758.6)  (4.5)

Operating profit        1,591.3   1,870.4   (14.9)     354.6      352.8    0.5

Profit from associated 
 companies                  0.1       0.2   (16.0)       0.0        0.5    c.s.
Financial income 
 (expense) net           (480.9)   (609.6)  (21.1)    (102.4)    (140.7) (27.3)
Amortization of goodwill   (0.3)     (0.5)  (40.0)      (0.1)      (0.5) (84.1)
Extraordinary Income
  (expense) net          (806.8) (1,721.2)  (53.1)    (846.4)  (1,374.4) (38.4)

Income before taxes       303.4    (460.8)    c.s     (594.2)  (1,162.4) (48.9)

Income taxes              (59.0)    285.9     c.s.     184.0      449.4  (59.1)

Net Income before minority 
 interests                244.4    (174.9)    c.s.    (410.2)    (713.0) (42.5)

Minority Interests          0.8       0.3   176.0        0.7        0.1  382.6

Net Income                245.2    (174.6)   c.s.    (409.5)     (712.8)  42.6

(1) including works in process
    Note: Cabitel has been included on the accounts of Telefonica de Espana,    
    both in 1999 and 2000. 
    Note:  Grupo Telefonica Sistemas is now consolidated with Telefonica Data,  
    both in 1999 and 2000.

Telefonica de Espana
Telefonica de Espana (individual) operating revenues

                            January-December    %      October-December     %   
                             2000      1999    Change    2000     1999    Change
Revenue derived from usage  5,798.9   6,039.8  (4.0)   1,459.3  1,444.5    1.0
Local                       1,732.4   1,735.2  (0.2)     441.8    454.8   (2.8)
Provincial                    556.7     598.0  (6.9)     138.4    136.4    1.5
Domestic long distance      1,014.7   1,233.4 (17.7)     259.9    259.2    0.3
International long distance 
(outgoing) (1)                562.9     473.2  18.9      149.4    120.9   23.6
Fixed to mobile             1,559.1   1,398.7  11.5      402.1    388.1    3.6
Interconnection international
(incoming)                    244.1     231.6   5.4       65.6     47.2   39.1
Interconnection National 
 operators (1)                410.1     322.6  27.1      107.3     71.9   49.3
Others                       (281.1)     47.1   c.s.    (105.3)   (33.9) 210.4

Monthly fee                 3,069.3   2,927.5   4.8      771.8    735.4    4.9
Connection fee                319.5     232.6  37.4      103.4     52.0   99.0
Customer equipments           167.5     147.1  13.9       56.7     67.0  (15.3)
Others (2)                    237.8     278.2 (14.5)      65.5     91.8  (28.6)
Total operating revenues    9,592.9   9,625.1  (0.3)   2,456.6  2,390.5    2.8

(1) Net of foreign participation 
(2) Including special services, IRIS service- and others. 
Note: Differences with respect to Information provided for the same quarter last
year are due to adjustments made in all areas from where the use of personal
cards and RPV (Red Privada Virtual) was withdrawn and other alternatives used.


Telefonica de Espana
Datos Operativos
Unaudited figures                                                               
                                                        December        %
                                                     2000      1999   Change
                                             
 Lines installed (thousands) (1)                 17,101.7  16,998,7     0.6
 Lines in service /100 inhabitants (2)               51.0%     48.2%    2.7 p.p.

 Incoming Internat. Traffic (mill. minutes) (3)     2,176     1,989     9.4
 Outgoing Internat Traffic (mill. minutes) (3)      1,837     1,405    30.7

 Usage growth (minute/line/day) 3                    25.6%     11.9%   13.7 p.p.
 Fixed networks outgoing traffic                     16.0%      7.2%    8.8 p.p.
 Interconnection traffic with International Operators 6.6%     12.0%  (5.4 p.p.)
 Interconnection traffic with Domestic Operators    110.9%     79.2%  31.7 p.p.
 
 Employees                                         41,193    46,619   (11.6)
 Lines / Employees (2)                              493.2     412.4    19.6 
  
 (1) Marketable basic telephone lines
 (2) Basic telephony lines (including public telephones, Ibercom, ISDN and
     Connections lines with PABX)
 (3) Estimated figures. Special service and mobile operators included


Telefonica Moviles Group
Combined Proforma Financial Statement (1)
Unaudited figures
                                             January  -  December       %
                                             2000            1999     Change   
Operating revenues                           7,401.2       5,492.3     34.8
Operating expenses                          (4,943.2)     (3,680.6)    34.3
Other operating income (expense) net            (6.6)        (15.6)   (57.5)

EBITDA                                       2,451.4       1,796.1     36.5

Depreciation and amortization               (1,039.5)       (698.9)    48.7

Operating profit                             1,411.9       1,097.1     28.7

Profit from associated companies               (97.0)         12.5      c.s.
Financial income (expense) net                (296.1)       (236.5)    25.2
Amortization of goodwill                       (29.5)        (18.9)    55.7
Extraordinary income (expense) net             (58.2)       (197.1)   (70.5)

Income before taxes                            931.2         657.1     41.7

Income taxes                                   319.9        (198.2)    c.s.

Net income before minority interests           611.2         459.0     33.2

Minority interests                             (20.6)         32.7     c.s.

Net income                                     590.6         491.6    20.1   

(1) The financial statements (Combined Proforma Financial Statements) refer to
the financial performance of Telefonica Moviles S.A.. They include Telefonica
Moviles affiliated companies that had initiated operations prior to the close of
2000, and mobile operators In Argentina and Peru that are affiliates of
Telefonica S.A. and are in the process of being transferred to Telefonica
Moviles S.A.. All these companies are consolidated as if they had formed part of
Telefonica Moviles since 1 January 1999. Therefore, they do not include the
mobile operators in Chile and Puerto Rico managed by Telefonica Moviles, whose
transfer has not been agreed, or the cellular assets that Telefonica S.A. plans
to acquire in Mexico, as the acquisition has yet to take place and since these
assets were not managed in 2000.

Telefonica Moviles Espana

Selected Operating Data
                                                     December            %
                                               2000          1999     Change

Cellular subscribers                        13,669,101    9,052,347    51.0
 Contract                                    4,766,926    3,547,192    34.4
 Prepaid                                     8,902,175    5,505,155    61.7

Subscribers net adds in year to date (a)     4,616,754    4,158,083    11.0
 Contract                                    1,219,734      484,569   151.7
 Prepaid                                     3,397,020    3,673,514    (7.5)

TSM Penetration TM (b)                            34.2%        22.6%   11.6 p.p.
Total airtime minutes, in millions (a)          21,013       13,600    54.5
Employees                                        3,937        3,372    16.8

 (a) January-December accumulated data
 (h) Telefonica Servicias Moviles cellular lines /100 inhabitants


Grupo Telefonica Moviles
Selected Operating Data

                                                    December            %
Thousands                                      2000          1999     Change
Managed subscribers (1)                     23,214.2      15,551.5    49.3
 Contract                                    8,237.6       6,878.4    19.8
 Prepaid                                    14,976.6       8,673.1    72.7
Total airtime minutes                     30,910,762    20,373,112    51.7

(1) Including Telefonica Moviles Espana, Telesudeste, Teleleste, CRT Celular,
Unifon,Telefonica Moviles del Peru, Telefonica Movil (Chile),TEM Guatemala,
TEM El Salvador, Medi Telecom and NewComm Wireless Puerto Rico

International Presence
                                                         Figures in Thousands
Operating Data
                    Lines in Service     Cellular Subscribers     Pay TV 
                                                                   Customers
                       % Change Proport       % Change Proport     %Change Pro
                   Dec  00/99   % Part   Dec   00/99   % Part  Dec  00/99  port
                   00            (1)     00             (1)    00         % part
                                                                            (1)
Managed Operators 19,340 16.7   16,185   9,545  46.9   5,847   349   6.8   326
Telefonica 
 CTC Chile         2,701  4.2    1,179   1,225   6.2     535
Telefonica de 
 Argentina         4,327  7.1    4,237   1,757  67.2   1,721  
Telefonica del 
  Peru             1,717  1.7    1,599     898  26.1     836   349   6.8   326  

Telesp            10,596 28.4    9,170    
CRT Celular                              1,452   50.0     491
TeleSudeste Celular      
 Part.                                   2,503   35.2   1,893
TeleLeste Celular 
 Part.                                     674   26.0      67
Telefonica El Salvador                     230   74.2      94
Telefonica Guatemala                       142  189.8      67
NewComm Wireless 
 Puerto Rico                               149  218.5       -
Medi Telecom                               515      -     145
Financial 
 Participations    2,606  0.8     180    1,706   44.4     118

CANTV              2,606  0.8     180    1,706   44.4     118

Total             21,946 14.5  16,364   11,251   46.5   5,965  349   6.8   326

(1) Lines weighted by Telefonica's economic participation in each company

Telefonica Internacional Group
Unaudited figures

January-December                                            Contribution to
                                                               Telefonica
Fully consolidation Revenues   %     EBITDA   %     Net      %  Internac    %
                             Change         Change  Income Change Group   Change

Telefonica CTC Chile 1,600.3   5.8    627.4  10.8  (216.9)(132.3) (94.6)  130.7
Telesp               4,349.6  57.2  2.327.9  63.0   870.5  123.6  180.5   109.3
Telefonica de 
  Argentina (1)      3,916.6  38.3  1,815.4  28.0   371.4   (7.6)  64.3   (19.0)
Telefonica de Peru   1,440.2  23.5    734.1  28.3    89.3   (35.4) 35.7   (29.6)
Otras                  168.2  10.6     (0.2)  c.s.  (14.0)  684.0  13.1     n.s.

Equity Consolidation

CANTV                      -     -        -     -       -       -  (9.6)    c.s
Otras                      -     -        -     -       -       -


October-December                                             Contribution to
                                                               Telefonica
Fully consolidation Revenues   %     EBITDA   %     Net      %  Internac    %
                             Change         Change  Income Change Group   Change

Telefonica CTC Chile   431.3   5.2    132.1   42.4  (152.0)(145.5)(66.2) (167.0)
Telesp               1,190.3  67.0    656.3   95.4   403.0   82.4  90.2   460.1
Telefonica de 
  Argentina (2)      1,040.2  38.8    495.6   27.0    (4.9)  c.s. (12.2)   c.s.
Telefonica del Peru    383.1  28.5    270.6   99.6   (61.5)  c.s. (24.6)   43.9
Otras                   33.0  (3.2)    (3.9)(350.2)   (8.9)(577.8) (8.0)   c.s

Equity consolidation
CANTV                      -     -        -      -      -       - (11.3) (301.8)
Otras                      -     -        -      -      -       -


Telefonica Data Group
Consolidated Income Statement
Unaudited figures
                                                          Euros in  millions

                           January - December    %       October-December     %
                           2000        1999  Change   2000        1999    Change
Operating revenues          920.2     762.1   20.8    276.5       198.4    39.3
Internal expend capitalized 
 in fixed assets (1)         29.5      14.0  111.1     28.9         2.5     n.s.
Operating expenses         (908.0)   (646.1) (40.5)  (318.8)     (168.7)  (89.0)
Other operating income 
  (expense) net               3.0      (0.0)   n.s.     1.6        (1.5)    c.s

EBITDA                       44.8     130.0  (65.5)   (11.8)       30.8     c.s.
 
Depreciation and 
  amortization              (75.1)    (67.7) (10.9)   (18.2)      (17.7)   (2.7)
 
Operating Profit            (30.3)     62.3    c.s.   (30.1)       13.1    c.s.

Profit from associated 
 companies                    2.3       1.9   20.6      1.1        (0.4)   c.s.
Financial income (expense)
   net                       (9.0)     (4.5)(100.8)    (7.5)       (0.9) (707.7)
Amortization of goodwill     (6.1)     (4.1) (50.8)    (2.2)       (1.0) (134.6)
Extraordinary Income 
  (expense) net             (32.3)     (0.9)   n.s.   (36.6)       (0.9)  c.s.
                                    
Income before taxes         (75.4)     54.7    c.s.   (75.3)        9.9   c.s.
 
Income taxes                  8.6     (17.2)   c.s.    15.7         0.5   n.s
 
Net Income before minority 
 interests                  (66.9)     37.5    c.s.   (59.6)       10.3   c.s.

Minority Interests           16.5       0.0    c.s.     6.4         0.0   n.s

Net income                  (50.3)     37.5    c.s.   (53.1)       10.3   c.s.

(1) Including work in process
Note: 1999 figures have been prepared to Include ETI and Telefonica Sistemas,
which were previously part of Telefonica Intercontinental Grupo Telefonica de
Espana respectively.

Telefonica Data Group
Operating Data
                                       December                    %
                                         2000         1999      Change

 Connections (dedicated parts)         213,336      118,942      79.4
 IP Networks (switched ports)          194,636       50,580     284.8
 Employees                               2,631          850     209.5


Telefonica Media Group
Consolidated Income Statement (1)
unaudited Figures
                                                            Euros in millions
                          January - December    %      October-December    %
                          2000          1999  Change   2000        1999  Change
Profit from associated
  companies              (499.9)      (85.5)  484.7    (414.9)    (12.2)  n.s.
 
Antena 3                   56.9        55.6     2.3      23.1      31.3  (26.2)
Via Digital              (123.4)     (110.1)   12.1     (25.4)    (43.4) (41.5)
Telefonica Servicios 
 Audiovisuales              5.8         6.3    (7.9)      1.7       1.7    0.0
Endemol                    22.2         0.0     n.s.     16.9       0.0    n.s.
ATC0                     (363.4)        0.0     n.s.   (319.9)      0.0    n.s.
Others                    (98.0)      (37.0)  164.9    (111.2      (1.8)   n.s.

Operating expenses       (102.8)      (62.8)   63.7     (36.4)    (25.8)  41.1
 
Net financial expenses     (9.0)      (25.3)  (64.4)     (3.1)     (7.0) (55.7)
Goodwill amortization     (93.8)      (37.5)  150.1     (33.3)    (18.8)  77.1

Operating Profit         (602.7)     (148.3)  306.4    (451.3)    (38.0)   n.s.
Divestitures and others    71.8        40.4    77.7      23.9      40.4  (40.8)
Other income (expense)net(332.1)      (14.8)   n.s.    (288.4)     (2.3)   n.s.
Taxes                     235.9        19.6    n.s.     191.3     (20.3)   c.s.
Net Income               (627.1)     (103.0)  508.9    (524.5)    (20.2)   n.s.


(1) Consolidated by equity method.


Terra Networks Group
Consolidated Income Statement
Unaudited figures
                                                        Euros in Millions
                          January - December   %       October-December     %
                          2000         1999   Change    2000      1999   Change

Operating revenues         304.0      40.1     657.2    165.0     30.5    440.9
Internal expend capitalized 
 in fixed assets (1)         1.0       0.6      75.0     (0.8)    (2.0)   (59.7)
Operating expenses        (649.0)   (113.2)    473.1   (253.1)   (68.3)   270.4
Other operating income 
 (expense) net             (15.2)     (5.0)    206.5    (10.8)    (2.1)   416.4
 
EBITDA                    (359.2)    (77.5)    363.5    (99.6)   (41.9)   137.9

Depreciation and 
  amortization             (83.5)     (6.3)      n.s.   (32.7)    (5.1)   538.5

Operating Profit          (442.8)    (83.8)    428.1   (132.4)   (47.0)   181.6

Profit from associated 
  companies                (59.3)     (0.0)     n.s.    (41.6)    (0.1)     n.s.
Financial income (expense)
  net                       35.8       1.3      n.s.     28.6      1.7      n.s.
Amortization of goodwill  (203.6)    (28.8)   606.5    (115.1)   (19.1)   501.8
Extraordinary income 
 (expense) net            (134.2)     (1.5)     n.s.   (128.5)    (1.0)     n.s.

Income before taxes       (804.0)   (112.9)   611.9    (388.8)   (65.5)   493.4

Income taxes               248.1      33.7    635.3     118.9     21.6    449.7

Net Income before minority 
 Interests                (555.9)    (79.0)   603.8    (269.9)   (43.9)   515.0

Minority interests           0.7       1.5    (52.9)      0.2      1.4    (88.3)

Net income                (555.2)    (77.5)   616.2    (269.7)   (42.5)   534.6

(1) Including work in process
    Note: 2000 includes 2 months of Lycos


Terra Networks Group
Operating Data

                                     December 2000      December 1999
     ISP Customers, in thousands          6,115           1,317
     Page views, in millions             10,850             434


TPI - Paginas Amarillas Group
Consolidated Income Statement
Unaudited Figures
                                                            Euros in Millions

                             January - December   %     October - December   %
                             2000      1999(1)  Change   2000   1999(1)   Change
Operating revenues            413.0    342.4     20.6    149.4   148.2     0.8  

Operating expenses           (291.7)  (233.3)    25.0   (107.6)  (99.9)    7.7

EBITDA                        121.3    109.1     11.2     41.8    48.2   (13.4)

Depreciation and amortization (11.1)    (6.8)    62.7     (3.8)   (2.0)   92.3

Operating Profit              110.1    102.2      7.7     38.0    46.3   (17.8)

Profit from associated 
 companies                     (0.1)     0.0      n.s.     0.0     0.0     n.s.
Financial income (expense) net (0.9)    (0.3)   161.4     (0.3)   (0.1)  167.0
Amortization of goodwill       (0.2)    (0.0)     n.s.    (0.2)    0.0     n.s.
Extraordinary income (expense)
   net                         (1.7)    20.6      c.s.    (2.0)   (2.0)   (0.0)

Income before taxes           107.2    122.5    (12.5)    35.6    44.2   (19.5)

Income taxes                  (38.2)   (39.6)    (3.7)   (12.7)  (15.9)  (20.4)

Net Income before minority 
 Interests                     69.1    82.8     (16.6)    22.9    28.3   (19.0)

Minority interests              3.1    (0.0)      n.s.     1.7    (0.0)    n.s.

Net Income                     72.2    82.8     (12.8)    24.5    28.3   (13.2)

(1) 1999 figures do not Include Venturini, Estratel and Double Click
Iberoamerica, transferred to Telefonica Group during 1999

TPI - Paginas Amarillas Group

Selected Operating Data (Spain)
Unaudited figures                                           Euros in millions
                                            December          %
                                        2000      1999     Change

Books (published)
  Paginas Amarillas (Yellow pages)        62        61         1.6
  Paginas Blancas (White pages)           61        47        29.8

Advertising revenues
  Paginas Amarillas (Yellow pages)     256.9     235.2         9.2
  Paginas Blancas (White pages)        102.9      92.2        11.7
  Revenues On-line                       7.8       2.7       189.6
  Paginas Amarillas Habladas             2.9       2.5        16.4