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Telefonica S.A. M&A Activity 2019

Jan 22, 2019

1889_rns_2019-01-22_9a3ed188-7018-472e-ac90-9ac3e0b74b40.html

M&A Activity

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National Storage Mechanism | Additional information

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RNS Number : 8102N

Telefonica SA

22 January 2019

TELEFÓNICA, S.A. ("Telefónica" or the "Company") in compliance with the Securities Market legislation, hereby communicates the following

INSIDE INFORMATION

In relation to the news published in the media today, Telefónica informs that, within the framework of its portfolio management policy, based on a strategy of value creation and strategic positioning, is currently negotiating the sale of its assets in Central America, which may result in a transaction, related to either all or some of those assets. No agreement has been reached to date.

Madrid, January 22, 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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