The first European integrated telecommunications operator supplier of communication, information and entertainment solutions with presence in Europe, Africa and Latin America.

The company has one of the most international profiles within the industry with 60% of its business generated abroad. It is the point of reference in the Spanish and Portuguese-speaking market.

Founded in 1924, today it serves more than 45.2 million of Spanish-speaking clients. Its customer portfolio in Latin America as of 30 June 2007 was above 121.8 millions, being the market leader in Brazil, Argentina, Chile and Peru, and the company has significant operations in Colombia, Ecuador, El Salvador, Guatemala, Mexico, Morocco, Nicaragua, Panama, Puerto Rico, Uruguay and Venezuela.

In Europe the company’s presence reaches the United Kingdom, Ireland, Germany, the Czech Republic and Slovakia with more than 212.6 million customers.

Telefónica is in the fifth position of the worldwide ranking by market capitalisation and in the eight of the Eurostoxx50 (August 25th, 2006) classification which covers the largest companies in the Eurozone.

A common Group vision: We want to enhance people’s life, drive business development and contribute to progress in the communities where we operate by offering them innovative information and communication technology enabled services.

The values: Innovation, competitiveness, open-mindedness and reliability with action principles driving its way of doing business.

All this is at the heart of the company’s corporate culture and enables it to cope with the new environments and challenges of the future.