REG - Telefonica SA - Ireland Closing <Origin Href="QuoteRef">TEF.MC</Origin>

Telefonica SAAnnouncement

06/09/2014 16:36

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140715:nRSO3685Ma


RNS Number : 3685M
Telefonica SA
15 July 2014 
 
TELEFÓNICA, S.A. as provided in article 82 of the Spanish Stock Market Act
(Ley del Mercado de Valores), hereby reports the following 
 
SIGNIFICANT EVENT 
 
Following the Significant Event published on June 24, 2013, (under
registration number 189704) related to the definitive agreement reached
between Telefónica, S.A. (hereinafter, Telefónica) and Hutchison Whampoa Group
for the sale of its 100% participation in Telefónica Ireland, Ltd, Telefónica
informs that, once the relevant regulatory authorizations have been obtained,
the transaction has been completed. 
 
The value of the sale amounted to 850 million euros, including an initial cash
consideration of 780 million euros received at closing of the transaction, and
an additional deferred payment of 70 million euros based on the completion of
agreed financial objectives. The corresponding debt reduction will be recorded
in the third quarter 2014. 
 
The closing of the transaction has no impact on the 2014 results. 
 
Madrid, July 15, 2014. 
 
This information is provided by RNS
The company news service from the London Stock Exchange