20 Mar 2015 18:11
TELEFÓNICA, S.A. as provided in article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
1. In compliance with the decisions rendered by the Brazilian National Agency of Telecommunications ("Anatel") on December 22nd, 2014 (the "Anatel Decision"), and March 12th, 2015 (both decisions, the "Two Anatel Decisions"), Telefónica has sent to Telecom Italia S.p.A. ("TI") a public legal commitment, a copy of which is attached hereto, waiving in an ample, general, unconstrained and definitive way to all its political rights in relation to TI, including the limitations contained in Article 1 of the Anatel Decision.
2. As determined by Anatel, Telefónica hereby publicly commits itself before its own shareholders and the stock market in general to comply with the above-mentioned waiver of its political rights in relation to TI, in the exact terms and extent determined by the Two Anatel Decisions.
http://www.rns-pdf.londonstockexchange.com/rns/1091I_-2015-3-20.pdf
Madrid, March 20th , 2015