Increase in offer for Brasilc

RNS Number : 9175M

Telefonica SA

02 June 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

Yesterday, on June 1^st, Telefónica submitted to Portugal Telecom, SGPS, S.A. ("PT") a binding and unconditional offer for the acquisition by Telefónica (directly or through any of the companies within its Group) of 50% of the share capital of Brasilcel, N.V., company jointly owned by PT and Telefónica (50% each), and which holds about 60% of the share capital of the Brazilian company Vivo Participações, S.A.. The offer was launched in the terms and conditions provided for in the Offer document, attached hereto. 

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/9175M_-2010-6-2.pdf

Madrid, June 2, 2010

 

END

 

 

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