Telefónica leading private company in the global telecommunications market, with headquarters in Spain; it is listed on the main international stock exchanges. With a presence in 24 countries, Telefónica's revenue represents an average of 1.2% of the GDP of the economies of the countries where it operates. More than 62% of its earnings (more than 13.8 billion euros in the first quarter of 2008) come from outside Spain. In 2007, the Company offered a return of 41.9% to its 1.5 million shareholders. For more information visit
www.telefonica.com
