REG - Telefonica SA - EC announces its decision in connection with O2 <Origin Href="QuoteRef">TEF.MC</Origin>

Telefonica SAAnnouncement

11/05/2016 11:25

RNS Number : 9272X
Telefonica SA
11 May 2016
RAMIRO SNCHEZ DE LERN GARCA-OVIES
General Secretary and
Secretary to the Board of Directors
TELEFNICA, S.A.
 
TELEFNICA, S.A. (hereinafter "Telefnica"), as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Following the Significant Event published on March 24, 2015, in relation to the definitive agreement reached between Telefnica and Hutchison Whampoa Group for the potential acquisition by the latter of the Telefnica subsidiary in the UK (O2 UK), Telefonica informs that the European Commission has announced its decision to prohibit the transaction under the European Union merger regulations.
Telefnica's guidance, leverage target and planned dividend policy remain unchanged. 
Madrid, May 11, 2016

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