19 Jul 2010 07:22
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
Further to the significant events released with regard to the binding and unconditional offer submitted by Telefónica (the "Offer") for the acquisition, directly or through any of the companies within its Group, of 50% of the capital stock of the Dutch company BRASILCEL, N.V. (which is jointly owned by Telefónica and Portugal Telecom, SGPS, S.A., and which directly and indirectly owns shares representing, approximately, 60% of the capital stock of the Brazilian company Vivo Participações, S.A.), Telefónica hereby informs that since the Board of Directors of Portugal Telecom, SGPS, S.A. has not accepted the Offer within its deadline, such Offer has expired.
The communications between Portugal Telecom, SGPS, S.A. and Telefónica are attached hereto.
http://www.rns-pdf.londonstockexchange.com/rns/5295P_-2010-7-19.pdf
Madrid, July 17, 2010.
TDE.L (TDE)