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Telefonica SAAnnouncement

06/09/2014 02:37

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RNS Number : 5803L
Telefonica SA
07 July 2014 
 
RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES 
 
General Secretary and 
 
Secretary to the Board of Directors 
 
TELEFÓNICA, S.A. 
 
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 
 
Telefónica hereby announces that it has reached an agreement with Mediaset
S.p.A. to invest, in the next months, EUR 100 million in the pay-TV business
(Mediaset Premium) of Mediaset S.p.A. in Italy, in exchange of an 11,11% stake
in such business. The enterprise value of Premium, before the contribution of
Telefónica, has been set at EUR 800 million. 
 
Madrid, July 7, 2014. 
 
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