TELEFÓNICA, S.A. as provided in article 82 of the Spanish Stock Market Act (Ley del
Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
After all the information published these days about the Venezuelan Bolivar devaluation, Telefónica S.A. reiterates its short and medium term guidances and its dividend targets until 2012.
Madrid, January 11th, 2010
This information is provided by RNS
The company news service from the London Stock Exchange
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