2.2879999999999998p2pover官网

Index"JANUARY-JUNE2011RESULTS,,,"Spain",,,,"Europe",,,"Accesses",,17,,"Accesses",,32,,,,"ConsolidatedIncomeStatement",,18,,"ConsolidatedIncomeStatement",,33"Telefónica",,,,"WirelineBusinessSelectedRevenueData",,19,,"AccesesbyCountry",,34,,,,"WirelessBusiness",,20,,"SelectedOperatingMobileBusinessDatabyCountry",,35"Accesses",,3,,"SelectedRevenueData",,20,,"CumulativeSelectedOperatingMobileBusinessDatabyCountry",,36"SelectedFinancialData",,4,,"SelectedOperatingData",,21,"SelectedFinancialDatabyCountry",,37"ConsolidatedIncomeStatement",,5,,"CumulativeSelectedOperatingData",,22,,"RevenueBreakdown",,6,,,,,,"Atento""OIBDABreakdown",,7,,"Latam",,,,,,"CapExbyregionalbusinessunits",,8,,,,,,"ConsolidatedIncomeStatement",,38"ConsolidatedStatementofFinancialPosition",,9,,"Accesses",,23,,,"FreeCashFlowandChangeInDebt",,10,,"ConsolidatedIncomeStatement",,24,,,"ReconciliationsofCashFlowandOibdaMinusCapEx",,11,,"Accesses",,25,,,"ExchangeRatesAppliedtoP&LandCapEx",,12,,"ByCountry(I)",,25,,"Exchangeratesappliedtoconsolidatedstatementoffinancialposition",,12,,"ByCountry(II)",,26,,"ByCountry(III)",,27,,"SelectedMobileBusinessOperatingDatabyCountry",,28,,,"CumulativeSelectedMobileBusinessOperatingDatabyCountry",,29,"SelectedFinancialData",,30,"ByCountry(I)",,30,"ByCountry(II)",,31,,,,,,,,,,Disclaimer"DISCLAIMER",,,,TEF-Oper"TELEFNICA""ACCESSES""Unauditedfigures(Thousands),2010,,,,,2011,,,,,"March","June","September","December",,"March","June","September","December",,"FinalClientsAccesses",269216.
3,273513.
3,277414,282994.
90000000002,,285634.
59999999998,290029,,,,"Fixedtelephonyaccesses(1)",42002.
400000000001,41743.
5,41475,41355.
699999999997,,40946.
400000000001,40693.
9,,,,"Internetanddataaccesses",17895.
599999999999,18117,18361.
599999999999,18611.
400000000001,,18769.
400000000001,18909.
599999999999,,"Narrowband",1737.
7,1599,1491.
7,1314.
1,,1185.
4000000000001,1117.
0999999999999,,"Broadband(2)",15996.
2,16351.
8,16707.
900000000001,17129.
599999999999,,17423.
2,17631.
900000000001,,"Other(3)",161.
69999999999999,166.
1,161.
9,167.
8,,160.
80000000000001,160.
6,,"Mobileaccesses",206704.
7,210978.
3,214852.
2,220240.
5,,223053.
5,227323.
6,,"Prepay",144882.
79999999999,146628.
4,148077.
70000000001,151273.
9,,152471.
6,154751.
79999999999,,"Contract",61821.
9,64349.
9,66774.
5,68966.
600000000006,,70581.
899999999994,72571.
7,,"PayTV(4)",2613.
6,2674.
5,2725.
3,2787.
4,,2865.
3,3101.
9,,"WholesaleAccesses",4052.
6,4249,4404.
8,4637.
3999999999996,,4856.
3999999999996,4994.
2,,"Unbundledloops",2313.
1,2382.
1999999999998,2422.
6999999999998,2529.
1999999999998,,2630.
3,2702.
3,,"SharedULL",380.
1,324.
8,296.
7,264,,240.
3,223.
7,,"FullULL",1933,2057.
4,2126,2265.
3000000000002,,2390,2478.
5,,"WholesaleADSL(5)",526.
6,577.
6,621.
4,687.
4,,747.
3,785.
7,,"Other(6)",1212.
9000000000001,1289.
2,1360.
7,1420.
7,,1478.
8,1506.
2,,"TotalAccesses",273268.
90000000002,277762.
3,281818.
8,287632.
3,,290491,295023.
2,,"Notes:"-Accessesareaffectedbythedisconnectionofinactivecustomersinthesecondquarterof2010,aswellastheinclusionofthecustomersofHanseNetsinceMarch2010andtheexclusionofthecustomersofManxsinceJuly1st,2010.
"(1)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess;2/6Accessx30.
Company'saccessesforinternaluseincludedandtotalfixedwirelessincluded.
IncludesVoIPandNakedADSL.
"(2)ADSL,satellite,opticalfiber,cablemodemandbroadbandcircuits.
"(3)Retailcircuitsotherthanbroadband.
"(4)Includes150thousandclientsofTVAfromJune2011.
"(5)IncludesULLrentedbyT.
O2Germany.
"(6)Circuitsforotheroperators.
IncludesWholesaleLineRental(WLR)inSpain.
Summary"TELEFNICA",,,,,,,"SELECTEDFINANCIALDATA",,,,,,,"Unauditedfigures(Eurosinmillions),,,,,,,"January-June",,,"%Chg",,,,,"2011","2010",,"Reported","Organic","2011Guidance","Guidancefulfillment",,,,,,,,,,,,,,"Revenues",30886,29053,0,6.
3,0.
9,""upto2%"",0.
9"TelefónicaEspaa",8752,9321,0,-6.
1,-6.
1,,"TelefónicaLatinoamérica",14117,11928,0,18.
399999999999999,5.
6,,"TelefónicaEurope",7662,7500,0,2.
2000000000000002,0.
2,,,,,,,,,,,,,,,,"OIBDA",11304,10905,0,3.
7,-2.
2000000000000002,,"TelefónicaEspaa",3911,4377,0,-10.
6,-10.
6,,"TelefónicaLatinoamérica",5190,4453,0,16.
600000000000001,4.
2,,"TelefónicaEurope",2097,2071,0,1.
2,3.
1,,,,,,,,,,,,,,,,"OIBDAmargin",0.
36599999999999999,0.
375,0,-0.
9,-1.
1000000000000001,""upper30's"",0.
36"TelefónicaEspaa",0.
44700000000000001,0.
47,0,-2.
2999999999999998,-2.
2000000000000002,"Limited","TelefónicaLatinoamérica",0.
36799999999999999,0.
373,0,-0.
6,-0.
5,"erosion","(-1.
1p.
p.
)""TelefónicaEurope",0.
27400000000000002,0.
27600000000000002,0,-0.
2,0.
7,"y-o-y",,,,,,,,,,,,,,,"OperatingIncome(OI)",6348,6456,0,-1.
7,-3,,"TelefónicaEspaa",2862,3388,0,-15.
5,-15.
4,,"TelefónicaLatinoamérica",2873,2600,0,10.
5,10.
6,,"TelefónicaEurope",582,535,0,8.
9,24.
4,,,,,,,,,,,,,,,,"Netincome",3162,3775,0,-16.
3,,,"Basicearningspershare(euros)",0.
7,0.
83,0,-16.
100000000000001,,,,,,,,,,,,,,,,,"CapEx",3838,4295,,-10.
6,7.
3,"~9,000",3298"TelefónicaEspaa",903,831,0,8.
6999999999999993,8.
6999999999999993,,"TelefónicaLatinoamérica",2072,1242,0,66.
8,16.
8,,"TelefónicaEurope",708,2144,0,-67,-8.
9,,,,,,,,,,,,,,,,"OpCF(OIBDA-CapEx)",7466,6610,0,13,-5.
7,,"TelefónicaEspaa",3008,3547,0,-15.
2,-15.
1,,"TelefónicaLatinoamérica",3117,3210,0,-2.
9,-0.
7,,"TelefónicaEurope",1389,-73,0,"c.
s.
",10.
5,,,,,,,,,,,,,,,,,,,,,,,"Notes:"-OIBDAandOIarepresentedbeforebrandfeesandmanagementfees.
"-OIBDAmargincalculatedasOIBDAoverrevenues.
"-2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuelainbothyears.
"-2011T.
LatinoaméricaresultsincludefromthesecondquarteroftheyearandretroactivelyfromJanuary1st,2011,thefullconsolidationofTVA,companythatwasalreadypartofTelefónica'sperimetersincethefourthquarterof2007.
"-CapExincludes423millioneurosfromthethecostofthespectrumacquiredin2010inBrasil(355)andCostaRica(68),and1,379millioneurosfromtheacquisitionofspectruminGermanyinthesecondquarterof2010.
"-Organiccriteria:Infinancialterms,itassumesconstantaverageexchangeratesasofJanuary-June2010,andexcludeschangesintheperimeterofconsolidationandhyperinflationaccountinginVenezuela.
Therefore,inJanuary-June2010theconsolidationofVivo,HanseNetandTuentiareincludedwhereastheresultsofManxTelecomareexcluded.
InOIBDAterms,inJanuary-June2011thepositiveimpactfromthepartialreductionofoureconomicexposuretoPortugalTelecomisexcluded,alongwiththeimpactofthecapitalgainfromthesaleofManxTelecombookedinthesecondquarterof2010.
ResultsfromtheCostaRicaoperationareexcludedfromtheorganicgrowthcalculation.
Telefónica'sCapexexcludestheRealEstateEfficiencyProgrammeatT.
Espaa,therealestatecommitmentsassociatedwithTelefónica'snewheadquartersinBarcelonaandinvestmentsinspectrum.
"-Guidancecriteria:2010adjustedfiguresforguidanceincludefullconsolidationofVivo,HansenetandTuentiinthewholeyear(12months)andexcludesManxTelecom'sresultsinJanuary-June2010.
2010adjustedOIBDAexcludesthecapitalgainfromtherevaluationofTelefónica'spre-existingstakeinVivoatthedateoftheacquisitionofthe50%inBrasilcelownedbyPortugalTelecom,non-recurrentrestructuringexpensesregisteredinthesecondhalfof2010,andthecapitalgainderivedfromthedisposalofManxTelecom.
2011guidanceassumesconstantexchangeratesasof2010(averageFXin2010)andexcludeshyperinflationaryaccountinginVenezuelainbothyears.
AttheOIBDAlevelguidancefor2011excludeswrite-offs(impairmentsofsubsidiaries),capitalgains/lossesfromcompaniesdisposalsandsignificantexceptionalsmainlyrelatedwithrestructuringcosts.
ResultsfromtheoperationinCostaRicaareexcludedfromguidancecalculation.
GroupCapExexcludesRealEstateEfficiencyProgramofT.
Espaa,theRealStatecommitmentsassociatedtothenewTelefónicapremisesinBarcelonaandspectrumlicenses.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,TEF-Rdos"TELEFNICA""CONSOLIDATEDINCOMESTATEMENT""Unauditedfigures(Eurosinmillions)2010,,,,,,2011,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec","Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""Revenues",,13932,15120,15227,16457,60737,,15435,15451,"Internalexpenditurecapitalizedinfixedassets",,150,184,185,218,737,,169,183,"Operatingexpenses",,-9021,-9742,-9872,-11740,-40375,-10176,-10130,"Supplies",,-4024,-4309,-4363,-4910,-17606,,-4476,-4417,"Personnelexpenses",,-1842,-1951,-2172,-2444,-8409,,-2077,-2061,"Subcontracts",,-2660,-2951,-2846,-3771,-12228,,-3129,-3182,"Baddebtprovision",,-216,-218,-170,-249,-853,,-181,-170,"Taxes",,-278,-314,-321,-367,-1279,,-312,-300,"Othernetoperatingincome(expense)",,23,122,73,276,494,,42,87,"Gain(loss)onsaleoffixedassets",,5,95,3844,206,4150,,104,141,"Impairmentofgoodwillandotherassets",,25,12,5,-6,35,,0,-1,"OperatingincomebeforeD&A(OIBDA)",,5114,5791,9463,5410,25777,,5574,5730,"OIBDAMargin",,0.
36699999999999999,0.
38300000000000001,0.
621,0.
32900000000000001,0.
42399999999999999,,0.
36099999999999999,0.
371,"Depreciationandamortization",,-2184,-2264,-2295,-2559,-9303,,-2517,-2439,"Operatingincome(OI)",,2930,3527,7167,2851,16474,,3057,3291,"Profitfromassociatedcompanies",,36,36,-5,8,76,,-16,-518,"Netfinancialincome(expense)",,-573,-681,-719,-675,-2649,,-579,-586,"Incomebeforetaxes",,2393,2882,6443,2183,13901,,2461,2187,"Incometaxes",,-714,-714,-1301,-1099,-3829,,-728,-543,"Incomefromcontinuingoperations",,1679,2167,5142,1084,10072,,1733,1645,"Income(Loss)fromdiscontinuedoperations""Non-controllinginterests",,-23,-47,-83,248,95,,-110,-106,"Netincome",,1656,2120,5059,1333,10167,,1624,1538,"Weightedaveragenumberofordinarysharesoutstandingduringtheperiod(millions)",,4543,4521,4514,4512,4522,,4524,4525,"Basicearningspershare(euros)",,0.
36,0.
47,1.
1200000000000001,0.
3,2.
25,,0.
36,0.
34,"Notes:-HanseNetandJajahhavebeenincludedinT.
Europe'sconsolidationperimetersincemidFebruary2010andsinceJanuary2010respectively,andtheperimeterofconsolidationofT.
EspaaexcludesTelycoMoroccosinceJanuary,2010andincludesTuentisinceAugustof2010.
TheperimeterofconsolidationofT.
Latinoaméricaincludes100%ofVivosinceOctober2010.
"-Forthebasicearningspersharecalculationpurposes,theweightedaveragenumberofordinarysharesoutstandingduringtheperiodhavebeenobtainedapplyingIASrule33"Earningspershare".
Thereby,therearenotbeentakenintoaccountasoutstandingsharestheweightedaveragenumberofsharesheldastreasurystockduringtheperiod.
"-Figuresinmillioneuros.
OIBDA,OIBDAmarginandOperatingIncomeareaffectedbythepositiveimpactfromtherevaluationofthepre-existingstakeinVivoatthedateoftheacquisitionofthe50%inBrasilcelownedbyPortugalTelecom(3,797inthethirdquarterof2010).
Additionally,OIBDAincludesacapitalgainof61fromthesaleofManxTelecominthesecondquarterof2010andisimpactedby1,262ofnon-recurrentrestructuringexpensesinthesecondhalfoftheyear,mainlyrelatedtopersonnelreorganization(658)andfirmcommitmentsrelatingtotheTelefónicaFoundation'ssocialactivities(400)"-2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Revenues-Breakdown"TELEFNICA""REVENUEBREAKDOWN""Unauditedfigures(Eurosinmillions),2010,,,,,,2011,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""T.
ESPAA(1)",4633211,4687622,4720852,4669769,18711454,0,4372108,4379680,,,"WirelineBusiness",2827685,2858880,2851360,2858961,11396886,0,2678795,2674611,,,"WirelessBusiness",2093852,2119594,2198278,2137792,8549516,0,1978375,1976732,,,"T.
LATAM(1)(2)(3)(4)",5560873,6367435,6307392,7520528,25756228,0,7005910,7111428,,,"BRAZIL(1)(4)",2304,2573,2664,3578,11119,0,3515,3608,,,"WirelineBusiness(4)",1579,1733,1774,1758,6843,0,1756,1849,,,"WirelessBusiness(1)",854,971,1024,2110,4959,0,2120,2198,,,"ARGENTINA",678,764,808,824,3073,0,759,753,,,"WirelineBusiness",270,296,318,302,1187,0,303,300,,,"WirelessBusiness",429,491,513,546,1979,0,482,478,,,"CHILE",492,530,560,614,2197,0,573,561,,,"WirelineBusiness",235,252,263,288,1038,0,256,255,,,"WirelessBusiness",280,306,324,356,1266,0,347,338,,,"PERU",451,505,510,494,1960,0,495,476,,,"WirelineBusiness",258,289,285,265,1097,0,264,256,,,"WirelessBusiness",225,250,260,266,1001,0,263,250,,,"COLOMBIA",346,380,408,396,1529,0,377,385,,,"WirelineBusiness",161,176,187,177,700,0,165,171,,,"WirelessBusiness",193,213,232,234,872,0,221,223,,,"MEXICO(T.
MóvilesMexico)",436,488,450,458,1832,0,417,391,,,"VENEZUELA(T.
MóvilesVenezuela)(2)",491,690,428,710,2318,0,508,560,,,"CENTRALAMERICA(5)",135,147,140,140,562,0,135,129,,,"ECUADOR(T.
MóvilesEcuador)",90,102,103,102,396,0,96,97,,,"URUGUAY(T.
MóvilesUruguay)",54,56,53,54,217,0,58,54,,,"T.
EUROPE(1)(3)",3591483,3908612,4070960,4152791,15723846,0,3891604,3770017,,,"UK(TelefónicaUK)",1634,1782,1901,1884,7201,0,1788,1664,,,"GERMANY(TelefónicaGermany)(1)",1074,1196,1242,1314,4826,0,1228,1212,,,"IRELAND(TelefónicaIreland)",211,208,221,207,848,0,187,185,,,"CZECHREPUBLICandSLOVAKIA(T.
CzechRepublic)",530,549,555,563,2197,0,528,536,,,"Othercompaniesandeliminations(2)(3)",146745,156527,128162,113833,545268,,165330,190180,,,,"TOTALGROUP(1)(2)(4)",13932312,15120196,15227367,16456921,60736796,,15434952,15451,,,"Notes:"(1)HanseNetandJajahhavebeenincludedinT.
Europe'sconsolidationperimetersincemidFebruary2010andsinceJanuary2010respectively,andtheperimeterofconsolidationofT.
EspaaexcludesTelycoMoroccosinceJanuary,2010andincludesTuentisinceAugustof2010.
TheperimeterofconsolidationofT.
Latinoaméricaincludes100%ofVivosinceOctober2010.
"(2)2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
"(3)DuetotheentryofTelefónicaInternationalWholesaleServices(TIWS)andTelefónicaNorthAmerica(TNA)intheconsolidationperimeterofTelefónicaEuropesince1stJanuary2011(previouslyintheconsolidationperimeterofTelefónicaLatam),RevenuesofTelefónicaEurope,TelefónicaLatinoaméricaand"Othercompaniesandeliminations"havebeenrestatedforthefiscalyear2010.
"(4)2011T.
LatinoaméricaresultsincludefromthesecondquarteroftheyearandretroactivelyfromJanuary1st,2011,thefullconsolidationofTVA,companythatwasalreadypartofTelefónica'sperimetersincethefourthquarterof2007.
"(5)IncludesGuatemala,Panamá,ElSalvador,NicaraguaandCostaRica.
backtoindex",,oibda-Breakdown"TELEFNICA""OIBDABREAKDOWN""Unauditedfigures(Eurosinmillions),2010,,,,,,2011,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""T.
ESPAA(1)",2153093,2224327,2292217,1850178,8519815,0,1925344,1985915,,,"T.
LATAM(1)(2)(3)(4)(5)",2038182,2414341,6318503,2941501,13712526,0,2534853,2654820,,,"BRAZIL(5)",770,911,972,1420,4074,0,1260,1401,,,"ARGENTINA",242,272,301,268,1082,0,259,251,,,"CHILE",210,242,266,374,1092,0,247,263,,,"PERU",163,200,235,214,812,0,188,178,,,"COLOMBIA",113,127,157,87,484,0,119,126,,,"MEXICO(T.
MóvilesMexico)",132,181,161,149,623,0,114,102,,,"VENEZUELA(T.
MóvilesVenezuela)(2)",227,305,221,334,1087,0,233,228,,,"CENTRALAMERICA(6)",46,47,44,52,189,0,39,34,,,"ECUADOR(T.
MóvilesEcuador)",26,30,32,33,121,0,31,32,,,"URUGUAY(T.
MóvilesUruguay)",23,23,22,26,95,0,27,24,,,"T.
EUROPE(1)(7)(4)",931479,1139646,911327,1097479,4079930,0,1028081,1068944,,,"UK(TelefónicaUK)",414,470,481,466,1830,0,489,464,,,"GERMANY(TelefónicaGermany)(1)",241,291,102,310,944,0,261,297,,,"IRELAND(TelefónicaIreland)",59,69,74,74,275,0,54,59,,,"CZECHREPUBLICandSLOVAKIA(T.
CzechRepublic)",215,237,251,250,953,0,218,226,,,"Othercompaniesandeliminations(2)(4)",-8475,12571,-59347,-479589,-534840,0,85573,20638,,,"TOTALGROUP(1)(2)(3)(6)(7)",5114279,5790885,9462700,5409568,25777432,0,5573852,5730,,,"Note:OIBDAfiguresexcludemanagementandbrandfees.
"(1)HanseNetandJajahhavebeenincludedinT.
Europe'sconsolidationperimetersincemidFebruary2010andsinceJanuary2010respectively,andtheperimeterofconsolidationofT.
EspaaexcludesTelycoMoroccosinceJanuary,2010andincludesTuentisinceAugustof2010.
TheperimeterofconsolidationofT.
Latinoaméricaincludes100%ofVivosinceOctober2010.
"(2)2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
"(3)OIBDAisaffectedbythepositiveimpactfromtherevaluationofthepre-existingstakeinVivoatthedateoftheacquisitionofthe50%inBrasilcelownedbyPortugalTelecom(3,797millioneurosinthethirdquarterof2010)"(4)DuetotheentryofTelefónicaInternationalWholesaleServices(TIWS)andTelefónicaNorthAmerica(TNA)intheconsolidationperimeterofTelefónicaEuropesince1stJanuary2011(previouslyintheconsolidationperimeterofTelefónicaLatam),OIBDAofTelefónicaEurope,TelefónicaLatinoaméricaand"Othercompaniesandeliminations"havebeenrestatedforthefiscalyear2010.
"(5)2011T.
LatinoaméricaresultsincludefromthesecondquarteroftheyearandretroactivelyfromJanuary1st,2011,thefullconsolidationofTVA,companythatwasalreadypartofTelefónica'sperimetersincethefourthquarterof2007.
"(6)IncludesGuatemala,Panamá,ElSalvador,NicaraguaandCostaRica.
"(7)Figuresinmillioneuros.
OIBDAincludesacapitalgainof61fromthesaleofManxTelecominthesecondquarterof2010.
backtoindex",TEF-CapEx"TELEFONICA""CAPEXBYREGIONALBUSINESSUNITS",,,,,"Unauditedfigures(Eurosinmillions)",,,,2010,,,,,,2011,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""TelefónicaEspaa",333,497,462,728,2021,,386,517,,,"TelefónicaLatinoamérica(1)(2)",478,765,1996,2216,5455,,705,1368,,,"TelefónicaEurope(2)(3)",333,1812,428,579,3152,,337,371,,,"Othercompaniesandeliminations(2)",48,30,59,80,217,,124,31,,,"TotalGroup(1)(3)",1191,3104,2946,3603,10844,,1551,2286,,,,,,,,"Note:2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
"-(1)CapExincludes1,237millioneurosfromtheacquisitionofsprectruminMexicoin2010,355millioninBrasiland68millioninCostaRicainQ211.
"-(2)DuetotheentryofTelefónicaInternationalWholesaleServices(TIWS)andTelefónicaNorthAmerica(TNA)intheconsolidationperimeterofTelefónicaEuropesince1stJanuary2011(previouslyintheconsolidationperimeterofTelefónicaLatam),CapExofTelefónicaEurope,TelefónicaLatinoaméricaand"Othercompaniesandeliminations"havebeenrestatedforthefiscalyear2010.
"-(3)CapExincludes1,379millioneurosfromtheacquisitionofspectruminGermanyinthesecondquarterof2010.
TEF-Balance"TELEFNICA",,,,,"CONSOLIDATEDSTATEMENTOFFINANCIALPOSITION",,,,,"Unauditedfigures(Eurosinmillions)",,,,,2010,,,,,2011,,,,"March","June","September","December",,"March","June","September","December""Non-currentassets",85672191,91506845,107832883,108721192,,104510481,104220814,,"Intangibleassets",15961109,17816266,19723367,25025786,,24037958,24262046,,,"Goodwill",19557029,20488538,34771853,29581968,,28806397,29019134,,,"Property,plantandequipmentandInvestmentproperties",32645753,33824461,34259949,35801982,,34442854,34553647,,,"Non-currentfinancialassetsandinvestmentsinassociates",11792741,13115567,12507205,12618364,,11958198,10693206,,,"Deferredtaxassets",5715560,6262013,6570510,5693092,,5265074,5692781,,,"Currentassets",21993040,23477188,21778422,21053769,,21692249,20111083,,"Inventories",844958,1129969,1086442,1028046,,1058996,1157075,,,"Tradeandotherreceivables",10638033,11768859,12101411,12425764,,11840864,12126396,,,"Currenttaxreceivable",995908,1385127,1739234,1331174,,1279606,1357753,,,"Currentfinancialassets",1618360,2058821,2017038,1573982,,1628420,2016373,,,"Cashandcashequivalents",7882370,6653992,4358659,4219881,,5507232,3193517,,,"Non-currentassetsclassifiedasheldforsale",13412,480421,475639,474923,,377132,259969,,,"TotalAssets=TotalEquityandLiabilities",107665231,114984033,129611305,129774961,,126202730,124331897,,,"Equity",23926352,21989720,31735808,31684186,,31440963,26047914,,,"Equityattributabletoequityholdersoftheparent",21245613,19375126,22322508,24451738,,25158645,20324076,,,"Non-controllinginterests",2680739,2614594,9413300,7232448,6282319,5723838,,,"Non-currentliabilities",55868816,55537441,62378468,64598878,,65696273,65065602,,,"Non-currentfinancialdebt",46539516,45733822,51292398,51356038,52792898,51980944,,,"Deferredtaxliabilities",3074168,3631483,4293203,6073950,5783504,6140727,,,"Non-currentprovisions",5029344,4982670,4975913,4864506,4750130,4706744,,,"Othernon-currentliabilities",1225788,1189467,1816954,2304384,2369741,2237188,,,"Currentliabilities",27870063,37456868,35497030,33491896,,29065495,33218381,,,"Currentfinancialdebt",11371102,15875978,9586485,9743862,7527110,7881601,,,"Tradeandotherpayables",7490599,8375018,8044970,9314111,8493030,8664680,,,"Currenttaxpayables",2556831,3142496,3869645,2821690,2564163,2759141,,,"Currentprovisionsandotherliabilities",6451531,10063377,13995929,11612234,10481192,13912959,,,"Liabilitiesassociatedwithnon-currentassetsclassifiedasheldforsale",,,,,,0,0,,,"FinancialData""NetFinancialDebt(1)",45281,48412,54504,55593,54219702,56420,,,"(1)Figuresinmillioneuros.
Includes:Longtermfinancialdebt+otherlongtermliabilities(1,709)+Shorttermfinancialdebt+short-termprovisionsandotherliabilities(1,991)-non-currentfinancialassetsandinvestmentsinassociates(1,933)-temporaryfinancialinvestmentincludedincurrentfinancialassets-cashandcashequivalents.
"Note:2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
,,,,,,TEF-FCF&Debt"TELEFNICA",,,,,"FREECASHFLOWANDCHANGEINDEBT",,,,,"Unauditedfigures(Eurosinmillions)",,,,,2010,,,,2011,,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec""I","Cashflowsfromoperations",,4376,9537,14978,21313,,4517,9562,,"II","Netinterestpayment(1)",,-891,-1215,-1680,-2018,,-878,-1166,,"III","Paymentforincometax",,-532,-1213,-1660,-2616,,-476,-995,,"A=I+II+III","Netcashprovidedbyoperatingactivities",,2953,7109,11638,16679,,3164,7401,,"B","Paymentforinvestmentinfixedandintangibleassets",,-1969,-5004,-7073,-8670,,-2433,-4481,,"C=A+B","NetfreecashflowafterCapEx",,984,2105,4565,8010,,730,2919,,"D","NetCashreceivedfromsaleofRealEstate",,2,14,27,41,,8,11,,"E","Netpaymentforfinancialinvestment",,-1215,-1039,-5197,-6618,,-893,-1036,,"F","Netpaymentforoperationswithminorityshareholersandtreasurystock(2)",,-448,-3733,-3808,-7132,,342,-3414,,"G=C+D+E+F","Freecashflowafterdividends",,-678,-2653,-4413,-5700,,188,-1520,,"H","Effectsofexchangeratechangesonnetfinancialdebt",,1945,2972,2411,2366,,-408,-220,,"I","Effectsonnetfinancialdebtofchangesinconsolid.
andothers",,-892,-764,4129,3977,,-777,-474,,"J","Netfinancialdebtatbeginningofperiod",,43551,43551,43551,43551,,55593,55593,,"K=J-G+H+I","Netfinancialdebtatendofperiod",,45281,48412,54504,55593,,54220,56420,,,,,,,,,"(1)Includingcashreceivedfromdividendspaidbysubsidiariesthatarenotfullyconsolidated.
"(2)DividendspaidbyTelefónicaS.
A.
,operationswithtreasurystockandoperationswithminorityshareholdersfromsubsidiariesthatarefullyconsolidated.
"Note:2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuelainbothyears.
,,,,,,,2010,,,,2011,,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec""NetFreeCashFlowafterCapEx",,,984,2105,4565,8010,,730,2919,,"+Paymentsrelatedtocancellationofcommitments",,,243,427,612,834,,235,425,,"-Operationswithminorityshareholders",,,-2,-65,-68,-378,,0,-212,,"=FreeCashFlow",,,1225,2467,5110,8466,,966,3133,,"Weightedaveragenumberofordinarysharesoutstandingduringtheperiod(millions)",,,4543,4532,4526,4522,,4524,4524,,"=FreeCashFlowpershare(euros)",,,0.
27,0.
54,1.
1299999999999999,1.
87,,0.
21,0.
69,,"Notes:"-Theconcept"FreeCashFlow"reflectstheamountofcashflowavailabletoremunerateTelefónicaS.
A.
Shareholders,toprotectsolvencylevels(financialdebtandcommitments),andtoaccomodatestrategicflexibility.
"Thedifferenceswiththecaption"NetFreeCashFlowafterCapEx"includedinthetablepresentedabove,arerelatedto"FreeCashFlow"beingcalculatedbeforepaymentsrelatedtocommitments(workforcereductionsandguarantees)andafteroperationswithminorityshareholders,duetocashrecirculationwithintheGroup.
"-2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
,,,,TEF-CF&Ebitda-CapEx"TELEFNICA",,,"RECONCILIATIONSOFCASHFLOWANDOIBDAMINUSCAPEX",,,,,"Unauditedfigures(Eurosinmillions)",,,,2010,,,,2011,,,,,,,,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,,,,,,,"OIBDA",5114,10905,20368,25777,,5574,11304,,"-CAPEXaccruedduringtheperiod",-1191,-4295,-7241,-10844,,-1551,-3838,,"-Paymentsrelatedtocancellationofcommitments",-243,-427,-612,-834,,-235,-425,,"-Netinterestpayment",-891,-1215,-1680,-2018,,-878,-1166,,"-Paymentfortax",-532,-1213,-1660,-2616,,-476,-995,,"-Resultsfromthesaleoffixedassets",-5,-99,-3944,-4150,,-104,-245,,"-Investmentinworkingcap.
andotherdeferredincomeandexpenses",-1268,-1550,-666,2694,,-1599,-1715,,,"=NetFreeCashFlowafterCapex",984,2105,4565,8010,,730,2919,,"+NetCashreceivedfromsaleofRealEstate",2,14,27,41,,8,11,,,"-Netpaymentforfinancialinvestment",-1215,-1039,-5197,-6618,,-893,-1036,,"-Netpaymentforoperationswithminorityshareholdersandtreasurystock",-448,-3733,-3808,-7132,,342,-3414,,"=FreeCashFlowafterdividends",-678,-2653,-4413,-5700,,188,-1520,,"Notes:"-2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
"-CapExincludes1,379millioneurosfromtheacquisitionofspectruminGermanyinthesecondquarterof2010,1,237millioneurosfromtheacquisitionofspectruminMexicoinH210,and355millioninBrasiland68millioninCostaRicainQ211.
,TEF-ForEx"TELEFNICA""EXCHANGERATESAPPLIEDTOP&LANDCAPEX"2010,,,,2011,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec","USA(USDollar/Euro)",1.
383,1.
3240000000000001,1.
3129999999999999,1.
3240000000000001,1.
367,1.
403,,,,,,"UnitedKingdom(Sterling/Euro)",0.
88700000000000001,0.
87,0.
85699999999999998,0.
85699999999999998,0.
85399999999999998,0.
86799999999999999,,,,,,"Argentina(ArgentineanPeso/Euro)",5.
3109999999999999,5.
1280000000000001,5.
1130000000000004,5.
18,,5.
4880000000000004,5.
6769999999999996,,,,,,"Brazil(BrazilianReal/Euro)",2.
4910000000000001,2.
379,2.
3359999999999999,2.
3279999999999998,,2.
2789999999999999,2.
2879999999999998,,,,,,"CzechRepublic(CzechCrown/Euro)",25.
876999999999999,25.
73,25.
460999999999999,25.
291,,24.
375,24.
346,,,,,,"Chile(ChileanPeso/Euro)",717.
64800000000002,695.
39599999999996,682.
51499999999999,674.
36300000000006,,658.
67899999999997,667.
08,,,,,,"Colombia(ColombianPeso/Euro)",2687.
3119999999999,2576.
808,2500.
4380000000001,2509.
2150000000001,,2566.
0239999999999,2575.
8789999999999,,,,,,"Guatemala(Quetzal/Euro)",11.
305999999999999,10.
704000000000001,10.
586,10.
66,,10.
702,10.
882,,"Mexico(MexicanPeso/Euro)",17.
683,16.
768999999999998,16.
677,16.
710999999999999,,16.
495000000000001,16.
684999999999999,,"Nicaragua(Cordoba/Euro)",29.
001000000000001,27.
943000000000001,27.
869,28.
271000000000001,,30.
102,31.
065999999999999,,"Peru(PeruvianNuevoSol/Euro)",3.
9409999999999998,3.
7669999999999999,3.
7160000000000002,3.
738,,3.
8,3.
9020000000000001,,"Uruguay(UruguayanPeso/Euro)",27.
18,26.
039000000000001,26.
317,26.
536999999999999,,26.
785,26.
908000000000001,,"Venezuela(BolivarFuerte/Euro)(1)",5.
7960000000000003,5.
2770000000000001,5.
8689999999999998,5.
7460000000000004,,6.
109,6.
2149999999999999,,"Note:TheseexchangeratesareusedtoconverttheP&LandCapExaccountsoftheGroupforeignsubsidiariesfromlocalcurrencytoeuros.
"(1)AfterconsideringVenezuelaasanhyperinflationarycountryin2010,P&LandCapExfromtheoperationsinthecountryaretobeaccountedattheclosingexchangerateBolivarFuerte/Euro.
"EXCHANGERATESAPPLIEDTOCONSOLIDATEDSTATEMENTOFFINANCIALPOSITION",2010,,,,,2011,,,,,"March","June","September","December",,"March","June","September","December","USA(USDollar/Euro)",1.
3480000000000001,1.
2270000000000001,1.
365,1.
3360000000000001,,1.
421,1.
4450000000000001,,,,"UnitedKingdom(Sterling/Euro)",0.
89,0.
81699999999999995,0.
86,0.
86099999999999999,,0.
88400000000000001,0.
90300000000000002,,,,"Argentina(ArgentineanPeso/Euro)",5.
2270000000000003,4.
8239999999999998,5.
4050000000000002,5.
3129999999999997,,5.
76,5.
94,,,,"Brazil(BrasilianReal/Euro)",2.
4009999999999998,2.
2109999999999999,2.
3119999999999998,2.
226,,2.
3140000000000001,2.
2559999999999998,,,,"CzechRepublic(CzechCrown/Euro)",25.
445,25.
695,24.
61,25.
06,,24.
54,24.
344999999999999,,,,"Chile(ChileanPeso/Euro)",706.
91899999999998,671.
45600000000002,660.
08299999999997,625.
35599999999999,,681.
17100000000005,676.
61699999999996,,,,"Colombia(ColombianPeso/Euro)",2590.
4989999999998,2347.
627,2458.
0169999999998,2557.
46,,2657.
56,2561.
5340000000001,,,,"Guatemala(Quetzal/Euro)",10.
763999999999999,9.
8550000000000004,11.
103,10.
708,,10.
923,11.
23,,,,"Mexico(MexicanPeso/Euro)",16.
8,15.
531000000000001,17.
196000000000002,16.
501999999999999,,16.
917999999999999,16.
943000000000001,,,,"Nicaragua(Cordoba/Euro)",28.
431000000000001,26.
2,29.
5,29.
239000000000001,,31.
465,32.
401000000000003,,,,"Peru(PeruvianNuevoSol/Euro)",3.
831,3.
4670000000000001,3.
8039999999999998,3.
754,,3.
9820000000000002,3.
9710000000000001,,,,"Uruguay(UruguayanPeso/Euro)",26.
219000000000001,25.
914999999999999,27.
7,26.
85,,27.
305,26.
593,,,,"Venezuela(BolivarFuerte/Euro)",5.
7960000000000003,5.
2770000000000001,5.
8689999999999998,5.
7460000000000004,,6.
109,6.
2149999999999999,,,,"Note:Exchangeratesasoftheendoftheperiod.
Reported&Organic"TELEFNICA",,,,"RECONCILIATIONOFREPORTEDVS.
ORGANICGROWTH",,,,,,"Unauditedfigures(Eurosinmillions)",,,,"REVENUES",2010,,,,,2011,,,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Jun","T.
ESPAA""REPORTEDDATA",4633,9321,,,0,4372,8752,,,,-6.
1"Changesintheconsolidationperimeter",1,4,,,0,0,0,,,,"T.
ESPAAORGANIC",4634,9325,,,0,4372,8752,,,,-6.
1"T.
EUROPE""REPORTEDDATA",3591,7500,,,0,3892,7662,,,,2.
2000000000000002"Changesintheconsolidationperimeter",112,93,,,0,0,0,,,,"ForexImpact",,,,,0,-99,-51,,,,"T.
EUROPEORGANIC",3703,7593,,,0,3793,7610,,,,0.
2"T.
LATINOAMRICA""REPORTEDDATA",5561,11928,,,0,7006,14117,,,,18.
399999999999999"Changesintheconsolidationperimeter",722,1560,,,0,,,,,"ForexImpactandhyperinflation",8,-141,,,0,-356,-25,,,"T.
LATINOAMRICAORGANIC",6290769,13347749,,,0,6650120,14092604,,,,5.
6"TELEFNICA""REPORTEDDATA",13932,29053,,,0,15435,30886,,,,6.
3"Changesintheconsolidationperimeter",818,1615,,,0,,,,,"ForexImpactandhyperinflation",8,-143,,,0,-465,-77,,,"TELEFNICAORGANIC",14757567,30524995,,,0,14969984,30808833,,,,0.
9,,,,,2010,,,,,2011,,,,,"OIBDA","Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Jun""T.
ESPAA""REPORTEDDATA",2153,4377,,,0,1925,3911,,,,-10.
6"Changesintheconsolidationperimeter",-2,-3,,,0,0,0,,,"CapitalgainfromthedisposalofMediTelecom",0,0,,,0,0,0,,,"T.
ESPAAORGANIC",2152,4374,,,0,1925,3911,,,,-10.
6"T.
EUROPE""REPORTEDDATA",931,2071,,,0,1028,2097,,,,1.
2"Changesintheconsolidationperimeter",8,0,,,0,0,0,,,"CapitalgainfromthedisposalofManx",0,-61,,,0,0,0,,,"ForexImpact",0,0,,,0,-30,-25,,,"T.
EUROPEORGANIC",939,2011,,,0,998,2072,,,,3.
1"T.
LATINOAMRICA""REPORTEDDATA",2038,4453,,,0,2535,5190,,,,16.
600000000000001"Changesintheconsolidationperimeter",257,549,,,0,0,0,,,"ForexImpactandhyperinflation",8,-53,,,0,-120,-4,,,"Gainonsaleoffixedassets",0,0,,,0,,-34,,,"CostaRica",0,0,,,0,1,5,,,"T.
LATINOAMRICAORGANIC",2304,4948,,,0,2416,5156,,,,4.
2"TELEFNICA""REPORTEDDATA",5114,10905,,,0,5574,11304,,,,3.
7"Changesintheconsolidationperimeter",270,553,,,0,1,,,,"ForexImpactandhyperinflation",8,-52,,,0,-150,-30,,,"CapitalgainfromthedisposalofManx",0,-61,,,0,,,,,"CostaRica",0,0,,,0,,5,,,"Gainonsaleoffixedassets",0,0,,,0,-89,-183,,,"TELEFNICAORGANIC",5392,11345,,,0,5336,11097,,,,-2.
2000000000000002"OPERATINGINCOME",2010,,,,,2011,,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Jun""T.
ESPAA""REPORTEDDATA",1660,3388,,,0,1402,2862,,,,-15.
5"Changesintheconsolidationperimeter",-2,-4,,,0,0,0,,,"T.
ESPAAORGANIC",1658,3384,,,0,1402,2862,,,,-15.
4"T.
EUROPE""REPORTEDDATA",196,535,,,0,223,582,,,,8.
9"Changesintheconsolidationperimeter",-11,-16,,,0,0,0,,,"CapitalgainfromthedisposalofManx",0,-61,,,0,0,0,,,"ForexImpact",0,0,,,0,-11,-12,,,"T.
EUROPEORGANIC",185,458,,,0,212,570,,,,24.
4"T.
LATINOAMRICA""REPORTEDDATA",1114,2600,,,0,1383,2873,,,,10.
5"Changesintheconsolidationperimeter",17,54,,,0,1,0,,,"ForexImpactandhyperinflation",32,-15,,,0,-26,75,,,"Gainonsaleoffixedassets",0,0,,,0,,-29,,,"T.
LATINOAMRICAORGANIC",1163,2638,,,0,1358,2918,,,,10.
6"TELEFNICA""REPORTEDDATA",2930,6456,,,0,3057,6348,,,,-1.
7"Changesintheconsolidationperimeter",4,41,,,0,1,0,,,"ForexImpactandhyperinflation",32,-14,,,0,-35,63,,,"Non-recurrentexpenses",6,0,,,0,,,,,"CostaRica",0,0,,,0,,5,,,"CapitalgainfromthedisposalofManx",0,-61,,,0,,,,,"Gainonsaleoffixedassets",0,0,,,0,-89,-183,,,"TELEFNICAORGANIC",2972,6423,,,0,2933,6233,,,,-3"CAPEX""CAPEX",2010,,,,2011,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec","Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec","Jan-Jun""T.
ESPAA""REPORTEDDATA",333,831,,,0,386,903,,,,8.
6999999999999993"T.
ESPAAORGANIC",333,831,,,0,386,903,,,,8.
6999999999999993"T.
EUROPE""REPORTEDDATA",333,2144,,,0,337,708,,,,-67"Changesintheconsolidationperimeter",7,6,,,0,0,,,,"CapitalgainfromthedisposalofManx",0,0,,,0,0,,,,"SpectrumGermany",0,-1379,,,0,0,,,,"ForexImpact",0,,,,0,-9,-5,,,"T.
EUROPEORGANIC",340,772,,,0,329,703,,,,-8.
9,"T.
LATINOAMRICA""REPORTEDDATA",478,1242,,,0,705,2072,,,,66.
8"Changesintheconsolidationperimeter",66,172,,,0,-1,0,,,"ForexImpactandhyperinflation",1,-16,,,0,-39,-35,,,"SpectrumBrazil",0,-3,,,0,0,-341,,,"CostaRica",0,0,,,0,0,-68,,,"T.
LATINOAMRICAORGANIC",545,1395,,,0,665,1629,,,,16.
8"TELEFNICA""REPORTEDDATA",1191,4295,,,0,1551,3838,,,,-10.
6"Changesintheconsolidationperimeter",73,178,,,0,-1,0,,,"ForexImpactandhyperinflation",1,-16,,,0,-48,-41,,,"Spectrum(GermanyandLatAm)",,-1382,,,0,,-409,,,"RealStateinBarcelona",,0,,,0,-91,-91,,,"TELEFNICAORGANIC",1266,3075,,,0,1412,3298,,,,7.
3"OpCF(OIBDA-CapEx)",2010,,,,2011,,,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec","Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec","Jan-Jun""T.
ESPAA""REPORTEDDATA",1820,3547,,,0,1540,3008,,,,-15.
2"Changesintheconsolidationperimeter",-2,-3,,,0,0,0,,,"T.
ESPAAORGANIC",1818,3544,,,0,1540,3008,,,,-15.
1"T.
EUROPE""REPORTEDDATA",599,-73,,,0,691,1389,,,,"c.
s.
""Changesintheconsolidationperimeter",0,-5,,,0,0,0,,,"CapitalgainfromthedisposalofManx",0,-61,,,0,0,0,,,"SpectrumGermany",0,1379,,,0,0,0,,,"ForexImpact",0,,,,0,-22,-19,,,"T.
EUROPEORGANIC",599,1239,,,0,669,1370,,,,10.
5"T.
LATINOAMRICA""REPORTEDDATA",1560,3210,,,0,1830,3117,,,,-2.
9"Changesintheconsolidationperimeter",191,377,,,0,2,0,,,"ForexImpactandhyperinflation",7,-37,,,0,-81,31,,,"CostaRica",0,0,,,0,,73,,,"SpectrumBrazil",0,3,,,0,,341,,,"Gainonsaleoffixedassets",0,0,,,0,,-34,,,"T.
LATINOAMRICAORGANIC",1759,3554,,,0,1751,3528,,,,-0.
7"TELEFNICA""REPORTEDDATA",3923,6610,,,0,4022,7466,,,,13"Changesintheconsolidationperimeter",196,375,,,0,2,0,,,"ForexImpactandhyperinflation",7,-36,,,0,-102,11,,,"RealStateinBarcelona",0,0,,,0,91,91,,,"Spectrum(GermanyandLatAm)",0,1382,,,0,,341,,,"CapitalgainfromthedisposalofManx",0,-61,,,0,,,,,"Gainonsaleoffixedassets",0,0,,,0,-89,-183,,,"CostaRica",0,0,,,0,,73,,,"TELEFNICAORGANIC",4126,8270,,,0,3925,7799,,,,-5.
7"-Organiccriteria:Infinancialterms,itassumesconstantaverageexchangeratesasofJanuary-June2010,andexcludeschangesintheperimeterofconsolidationandhyperinflationaccountinginVenezuela.
Therefore,inJanuary-June2010theconsolidationofVivo,HanseNetandTuentiareincludedwhereastheresultsofManxTelecomareexcluded.
InOIBDAterms,inJanuary-June2011thepositiveimpactfromthepartialreductionofoureconomicexposuretoPortugalTelecomisexcluded,alongwiththeimpactofthecapitalgainfromthesaleofManxTelecombookedinthesecondquarterof2010.
ResultsfromtheCostaRicaoperationareexcludedfromtheorganicgrowthcalculation.
Telefónica'sCapexexcludestheRealEstateEfficiencyProgrammeatT.
Espaa,therealestatecommitmentsassociatedwithTelefónica'snewheadquartersinBarcelonaandinvestmentsinspectrum.
Espaa-Oper"TELEFNICAESPAA",,,,,,,"ACCESSES",,,,,,,"Unauditedfigures(Thousands)2010,,,,2011,,,,,,,,,,,,"March","June","September","December","March","June","September","December",,,,,,,,"FinalClientsAccesses",44181.
1,44113.
8,44231.
5,44257.
4,,44047,43685.
599999999999,,,,,,"Fixedtelephonyaccesses(1)",13922.
5,13663.
9,13485,13279.
7,13006.
2,12729,,,,,,"NakedADSL",30.
3,37,39.
1,38.
1,37.
4,37.
200000000000003,,,,,,"Internetanddataaccesses",5797.
8,5823,5849.
5,5879.
8,5888,5802.
1,,,,,,"Narrowband",194.
8,179.
6,155.
19999999999999,136.
1,118.
4,113.
2,,,,,,"Broadband(2)",5578.
6,5620.
3,5672.
1,5722.
3,5749.
2,5669.
1,,,,,,"Other(3)",24.
4,23.
2,22.
2,21.
4,20.
399999999999999,19.
8,,,,,,"Mobileaccesses",23727.
8,23879.
1,24123.
599999999999,24309.
599999999999,24366.
400000000001,24369.
9,,,,,,"Prepay(4)",8197.
2000000000007,8095.
6,8022.
3,7919.
8,7823.
1,7708.
6,,,,,,"Contract",15530.
6,15783.
5,16101.
3,16389.
7,16543.
3,16661.
3,,,,,,"PayTV",733,747.
8,773.
4,788.
2,,786.
4,784.
6,,,,,,"WholesaleAccesses",2844.
3,3004.
1,3132.
5,3333.
8,,3536.
2,3686.
4,,,,,,"WLR(5)",161.
30000000000001,205.
1,250.
5,294.
5,,341.
7,379.
2,,,,,,"Unbundledloops",2260.
5,2331.
8000000000002,2371.
5,2477.
1,,2578.
9,2654.
2,,,,,,"SharedULL",380.
1,324.
8,296.
7,264,,240.
3,223.
7,,,,,,"FullULL(6)",1880.
5,2007,2074.
8000000000002,2213.
1,,2338.
6,2430.
4,,,,,,"WholesaleADSL",419,464.
4,508,561.
29999999999995,,614.
9,652.
29999999999995,,,,,,"Other(7)",3.
3,2.
8,2.
5,0.
9,,0.
8,0.
7,,,,,,"TotalAccesses",47025.
4,47117.
9,47364,47591.
199999999997,,47583.
199999999997,47372,,,,,,"(1)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess;2/6Accessx30.
Company'saccessesforinternaluseincluded.
IncludesVoIPandNakedADSL.
"(2)ADSL,satellite,opticalfiberandbroadbandcircuits.
"(3)Leasedlines.
"(4)113thousandinactiveprepayaccessesweredisconnectedinMay2010.
"(5)WholesaleLineRental.
"(6)Includesnakedsharedloops.
"(7)Wholesalecircuits.
Espaa-P&L"TELEFNICAESPAA",,,,,"CONSOLIDATEDINCOMESTATEMENT",,,,,"Unauditedfigures(Eurosinmillions)",,,,,2010,,,,,2011,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""Revenues",4633211,4687622,4720852,4669769,18711454,,4372108,4379680,,,"Internalexpcapitalizedinfixedassets",58128,64838,52967,62081,238014,,71798,79886,,,"Operatingexpenses",-2545280,-2545975,-2487668,-2910455,-10489378,,-2526469,-2489014,,,"Supplies",-1033054,-1008028,-1007356,-1136924,-4185362,,-1023806,-985433,,,"Personnelexpenses",-608162,-613902,-622643,-813231,-2657938,,-627617,-633624,,,"Subcontracts",-742710,-765108,-705703,-803549,-3017070,,-740077,-751017,,,"Baddebtprovision",-41347,-45205,-21327,-25546,-133425,,-34188,-43820,,,"Taxes",-120007,-113732,-130639,-131205,-495583,,-100781,-75120,,,"Othernetoperatingincome(expense)",5350,15800,5696,22961,49807,,5703,14820,,,"Gain(loss)onsaleoffixedassets",2948,3153,2783,5357,14241,,2483,1809,,,"Impairmentofgoodwillandotherassets",-1264,-1111,-2413,465,-4323,,-279,-1266,,,"OperatingincomebeforeD&A(OIBDA)",2153093,2224327,2292217,1850178,8519815,,1925344,1985915,,,"OIBDAmargin",0.
46500000000000002,0.
47499999999999998,0.
48599999999999999,0.
39600000000000002,0.
45500000000000002,,0.
44,0.
45300000000000001,,,"Depreciationandamortization",-493004,-496589,-488255,-530883,-2008731,,-522926,-526061,,,"Operatingincome(OI)",1660089,1727738,1803962,1319295,6511084,,1402418,1459854,,,,,,,"Notes:",,,"-OIBDAandOIbeforebrandfees.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,EspaaWireline-Revs"TELEFNICAESPAA:WIRELINEBUSINESS""SELECTEDREVENUEDATA""Unauditedfigures(Eurosinmillions)2010,,,,,2011,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec","TraditionalAccess(1)",603,593,629,601,2426,,550,535,,,,"TraditionalVoiceServices",919,908,875,848,3548,,818,816,,,,"Traffic(2)",520,511,477,467,1975,,456,448,,,,"Interconnection(3)",206,205,211,185,808,,184,192,,,,"Handsetssalesandothers(4)",192,192,187,195,766,,179,176,,,,"InternetBroadbandServices",736,754,716,726,2933,,705,703,,,,"Narrowband",5,4,4,3,17,,3,3,,,,"Broadband",731,750,712,723,2915,,702,700,,,,"Retail(5)",638,640,606,596,2480,,577,567,,,,"Wholesale(6)",93,110,106,126,435,,125,133,,,,"DataServices",325,341,344,348,1358,,358,348,,,,"ITServices",122,137,158,187,604,,135,162,,,,"Subsidiariesandeliminations",124,126,130,149,528,,113,111,,,,"Revenues",2828,2859,2851,2859,11397,,2679,2675,,,,"(1)Monthlyandconnectionfees(PSTN,PublicUseTelephony,ISDNandCorporateServices)andTelephoneboothssurchargesandWLRaccess.
"(2)Local,domesticlongdistance,fixedtomobileandinternationaltraffic,IntelligentNetworkServices,SpecialValuedServices,InformationServices(118xy),bonussesandothers.
"(3)Includesrevenuesfromfixedtofixedincomingtraffic,mobiletofixedincomingtraffic,andtransitandcarriertraffic.
"(4)ManagedVoiceServicesandotherbusinessesrevenues.
"(5)RetailADSLservicesandotherInternetServices.
"(6)IncludesMegabase,Megavía,GigADSLandlocalloopunbundling.
"Notes:"-Figuresinmillioneuros.
AssociatedtotherecognitionoftheUniversalService,95millioneurosareincludedintraditionalaccesesin2010.
"-ITservicesincludeapositiveimpactof51millioneurosfromthesaleofapplicationsin2010.
EspaaWireless-Revenues"TELEFNICAESPAA:WIRELESSBUSINESS""SELECTEDREVENUESDATA""Unauditedfigures(Eurosinmillions)2010,,,,,,2011,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""ServiceRevenues",1785,1829,1906,1751,7270,,1648,1681,,,"CustomerRevenues",1540,1580,1607,1499,6226,,1435,1458,,,"Interconnection",206,200,203,182,792,,174,166,,,"Roaming-In",23,36,54,27,140,,23,30,,,"Other",15,13,41,44,113,,16,26,,,"Handsetrevenues",309,291,293,387,1280,,330,296,,,"Revenues",2094,2120,2198,2138,8550,,1978,1977,,,"(1)Figuresinmillioneuros.
Servicerevenuesincludeapositiveimpactof51fromthesaleofapplicationsin2010andincludeTuentisinceAugustof2010.
,,,,,,,,,,,,,,,,,,,EspaaWirelessKPIs"TELEFNICAESPAA:WIRELESSBUSINESS""SELECTEDOPERATINGDATA""Unauditedfigures",,,,,2010,,,,,2011,,,,,"Q1","Q2","Q3","Q4",,,,"Q1","Q2","Q3","Q4","Traffic(Millionminutes)",10051,10562,10675,10412,,,,9936,10229,,,"ARPU(EUR)(1)",25.
6,25.
6,26.
2,24.
5,,,,23.
2,23.
2,,,"Prepay(1)",11.
4,11.
6,12.
2,10.
6,,,,9.
6,9.
5,,,"Contract",33.
1,32.
9,33.
200000000000003,31.
2,,,,29.
7,29.
6,,,"DataARPU(EUR)(1)",5.
3,5.
2,5.
6,5.
7,,,,5.
7,5.
8,,,"%non-P2PSMSoverdatarevenues",0.
65300000000000002,0.
65800000000000003,0.
67800000000000005,0.
67800000000000005,,,,0.
72,0.
73299999999999998,,,,,"Notes:"-ARPUcalculatedasmonthlyquarterlyaverage.
"-Trafficisdefinedasminutesusedbythecompanycustomers,bothoutboundandinbound.
On-nettrafficisonlyincludedonce(outbound),andpromotionaltrafficisincluded.
TrafficnotassociatedtotheCompany'smobilecustomers(roaming-in,MVNOs,interconnectionofthirdpartiesandotherbusinesslines)isexcluded.
Trafficvolumenonrounded.
"(1)ARPUaffectedby113thousanddisconnectionsofinactivecustomersinMay2010.
,,,,,,TENegocioMóvil-Oper(2)"TELEFNICAESPAA:WIRELESSBUSINESS""CUMULATIVESELECTEDOPERATINGDATA""Unauditedfigures2010,,,,,2011,,,,,,,"Jan-Mar","Jan-Jun","Jan-Sept","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sept","Jan-Dec",,,"Traffic(Millionminutes)",10051,20613,31288,41700,,9936,20165,,,,,"ARPU(EUR)(1)",25.
6,25.
6,25.
8,25.
4,,23.
2,23.
2,,,,,"Prepay(1)",11.
4,11.
5,11.
7,11.
4,,9.
6,9.
6,,,,,"Contract",33.
1,33,33.
1,32.
6,,29.
7,29.
7,,,,,"DataARPU(1)",5.
3,5.
3,5.
4,5.
5,,5.
7,5.
8,,,,,"%non-P2PSMSoverdatarevenues",65.
272999999999996,65.
405000000000001,66.
239999999999995,66.
643000000000001,,72.
006,72.
680000000000007,,,,,"-ARPUcalculatedasmonthlyquarterlyaverageofeachperiod.
"-Trafficisdefinedasminutesusedbythecompanycustomers,bothoutboundandinbound.
On-nettrafficisonlyincludedonce(outbound),andpromotionaltrafficisincluded.
TrafficnotassociatedtotheCompany'smobilecustomers(roaming-in,MVNOs,interconnectionofthirdpartiesandotherbusinesslines)isexcluded.
Trafficvolumenonrounded.
"(1)ARPUaffectedby113thousanddisconnectionsofinactivecustomersinMay2010.
Latam-Oper"TELEFNICALATINOAMRICA""ACCESSES""Unauditedfigures(thousands),2010,,,,,2011,,,,"March","June","September","December",,"March","June","September","December""FinalClientsAccesses",172265.
3,176044,179102.
5,183686.
9,,185984,190318,,,,,,,"Fixedtelephonyaccesses(1)",24459.
1,24514.
9,24456.
5,24403.
599999999999,,24196.
2,24173.
4,,,,,,,"Internetanddataaccesses",7733.
8,7911.
5,8102.
7,8235.
1,,8327.
9,8513.
5,,,,,,,"Narrowband(2)",983.
6,881.
6,808,674.
8,,586.
70000000000005,539.
5,,,,,,,"Broadband(3)(4)",6641.
5,6916,7183,7442.
3,,7629,7861.
5,,,,,,,"Other(5)",108.
7,113.
9,111.
7,118,,112.
3,112.
5,,,,,,,"Mobileaccesses",138377.
4,141882.
20000000001,144790.
1,149255.
4,,151589,155523.
1,,,,,,,"Pre-Pay",113517.
7,115102.
39999999999,116267.
5,119359.
1,,120676.
5,123108.
6,,,,,,,"Contract",24859.
7,26779.
8,28522.
6,29896.
3,,30912.
5,32414.
400000000001,,,,,,,"PayTV(6)",1695,1735.
4,1753.
2,1792.
7,,1870.
9,2108,,,,,,,"WholesaleAccesses",55.
8,58.
8,56.
1,55.
9,,54.
5,54.
4,,,,,,,"TotalAccesses",172321.
1,176102.
8,179158.
5,183742.
8,,186038.
6,190372.
4,,,,,,,,,,,,,,"(1)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess;2/6Accessx30.
Company'saccessesforinternaluseincludedandtotalfixedwirelessincluded.
"(2)IncludesnarrowbandISPofTerraBrasilandTerraColombia.
"(3)IncludesbroadbandISPofTerraBrasilandTerraMéxico.
"(4)IncludesADSL,opticalfiber,cablemodemandbroadbandcircuits.
"(5)Retailcircuitsotherthanbroadband.
"(6)Includes150thousandclientsofTVAfromJune2011.
Latam-P&L"TELEFNICALATINOAMRICA""CONSOLIDATEDINCOMESTATEMENT""Unauditedfigures(Eurosinmillions),2010,,,,,,2011,,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,,"Revenues",5560873,6367435,6307392,7520528,25756228,,7005910,7111428,,,,,,"Internalexpcapitalizedinfixedassets",31166,34807,33992,47469,147436,,34828,39095,,,,,,"Operatingexpenses",-3571799,-4124414,-3948934,-5103580,-16748727,,-4551594,-4646267,,,,,,"Supplies",-1488057,-1726785,-1589948,-1913373,-6718164,,-1794229,-1828078,,,,,,"Personnelexpenses",-469017,-537536,-545387,-792371,-2344311,,-630108,-630484,,,,,,"Subcontracts",-1346190,-1560534,-1564761,-2031634,-6503120,,-1828947,-1901031,,,,,,"Baddebtprovision",-122960,-133407,-88274,-165274,-509915,,-104602,-88164,,,,,,"Taxes",-145574,-166152,-160564,-200928,-673218,,-193708,-198509,,,,,,"Othernetoperatingincome(expense)",10657,106138,78248,278814,473857,,37933,70198,,,,,,"Gain(loss)onsaleoffixedassets",8009,30524,3840710,199268,4078511,,7777,80365,,,,,,"Impairmentofgoodwillandotherassets",-724,-150,7094,-999,5221,,0,0,,,,,,"OperatingincomebeforeD&A(OIBDA)",2038182,2414341,6318503,2941501,13712526,,2534853,2654820,,,,,,"OIBDAMargin",0.
36699999999999999,0.
379,1.
002,0.
39100000000000001,0.
53200000000000003,,0.
36199999999999999,0.
373,,,,,,"Depreciationandamortization",-923837,-929021,-948256,-1152150,-3953264,,-1151397,-1165681,,,,,,"Operatingincome(OI)",1114345,1485320,5370247,1789350,9759263,,1383456,1489138,,,,,,"Notes:-OIBDAandOIexcludemanagementandbrandfees.
"-2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuela.
"-T.
Latinoaméricareportedfiguresinclude100%ofVivosinceOctober2010.
"-Figuresinmillioneuros.
OIBDA,OIBDAmarginandOperatingIncomeareaffectedbythepositiveimpactfromtherevaluationofthepre-existingstakeinVivoatthedateoftheacquisitionofthe50%inBrasilcelownedbyPortugalTelecom(3,797inthethirdquarterof2010)andbynon-recurrentrestructuringexpensesmainlyrelatedtopersonnelreorganizationandfirmcommitmentsrelatingtotheTelefónicaFoundation'ssocialactivitiesof410inthefourthquarterof2010.
"-DuetotheexitofTelefónicaInternationalWholesaleServices(TIWS)andTelefónicaNorthAmerica(TNA)fromtheconsolidationperimeterofTelefónicaLatAmsince1stJanuary2011theresultsofTelefónicaLatinoaméricahavebeenrestatedforthefiscalyear2010.
"-2011T.
LatinoaméricaresultsincludefromthesecondquarteroftheyearandretroactivelyfromJanuary1st,2011,thefullconsolidationofTVA,companythatwasalreadypartofTelefónica'sperimetersincethefourthquarterof2007.
LatamCountries-Oper"TELEFNICALATINOAMRICA""ACCESSESBYCOUNTRY(I)"Unauditedfigures(Thousands),2010,,,,,2011,,,,"March","June","September","December",,"March","June","September","December""BRAZIL""FinalClientsAccesses",69185.
5,71353.
899999999994,73243.
199999999997,75919.
600000000006,,77592.
3,79767.
199999999997,,"Fixedtelephonyaccesses(1)",11193.
2,11256.
8,11299.
3,11292.
6,,11172.
6,11126.
6,,"Internetanddataaccesses",3573.
4,3651,3764,3848.
2,,3849.
7,3909.
8,,"Narrowband",689.
4,595.
79999999999995,547,446.
2,,378.
1,344.
2,,"Broadband(2)",2801.
4,2974.
2,3138.
9,3319.
2,,3393.
6,3486.
9,,"Other(3)",82.
6,81,78.
099999999999994,82.
8,,78,78.
8,,"Mobileaccesses",53949.
1,55977.
3,57714.
400000000001,60292.
5,,62061.
3,64049.
1,,"Pre-Pay",43435.
9,44626.
1,45641.
8,47658.
6,,48742,49809.
7,,"Contract",10513.
2,11351.
2,12072.
6,12633.
9,,13319.
2,14239.
4,,"PayTV(4)",469.
8,468.
8,465.
5,486.
3,,508.
7,681.
7,,"WholesaleAccesses",33.
6,34.
1,33.
799999999999997,33.
9,,32.
9,32.
4,,"TotalAccesses",69219.
100000000006,71388.
100000000006,73277,75953.
5,,77625.
2,79799.
600000000006,,"ARGENTINA""FinalClientsAccesses",22157.
200000000001,22384.
3,22501.
9,22275.
8,,22142.
2,22537.
3,,"Fixedtelephonyaccesses(1)",4608.
8999999999996,4612.
1000000000004,4620.
8999999999996,4621.
5,,4614.
6000000000004,4621.
3,,"Fixedwireless",38,36.
1,38.
799999999999997,35.
5,,36.
799999999999997,40.
200000000000003,,"Internetanddataaccesses",1365.
5,1408.
2,1468.
4,1505.
4,,1527.
8,1562.
6,,"Narrowband",89.
1,83.
9,76.
5,65.
7,,54.
9,48.
4,,"Broadband(2)",1276.
4000000000001,1324.
4,1391.
9,1439.
7,,1472.
9,1514.
1,,"Other(3)",0,0,0,0,,0,0,,"Mobileaccesses",16182.
8,16364,16412.
599999999999,16148.
9,,15999.
8,16353.
5,,"Pre-Pay",10867.
3,10911.
8,10793.
3,10370.
4,,10127.
799999999999,10347.
299999999999,,"Contract",5315.
5,5452.
1,5619.
3,5778.
5,,5871.
9,6006.
2,,"WholesaleAccesses",9.
8000000000000007,12.
6,12.
8,13,,12.
8,13.
2,,"TotalAccesses",22167,22396.
9,22514.
799999999999,22288.
799999999999,,22155,22550.
5,,"CHILE""FinalClientsAccesses",10847.
4,11077.
5,11397.
8,11910.
5,,12214.
7,12442.
1,,"Fixedtelephonyaccesses(1)",1990.
9,1966.
9,1952.
8,1939.
3,,1920.
2,1903.
8,,"Internetanddataaccesses",800,811,830.
6,836,,834.
9,857.
1,,"Narrowband",8.
5,7.
6,7,6.
6,,6.
3,6,,"Broadband(2)",783.
5,795.
3,815.
7,821.
5,,820.
8,844.
2,,"Other(3)",8,8,7.
9,7.
9,,7.
8,6.
8,,"Mobileaccesses",7759.
6,7992.
7,8290.
7999999999993,8794,,9100.
5,9308.
2999999999993,,"Pre-Pay",5531.
7,5640,5805.
3,6179.
3,,6448.
1,6586,,"Contract",2228,2352.
6999999999998,2485.
4,2614.
6999999999998,,2652.
5,2722.
3,,"PayTV",296.
89999999999998,306.
89999999999998,323.
60000000000002,341.
2,,359.
1,372.
9,,"WholesaleAccesses",8.
6,8.
4,5.
7,5.
3,,5.
0999999999999996,5.
0999999999999996,,"TotalAccesses",10856.
1,11085.
8,11403.
5,11915.
8,,12219.
8,12447.
1,,"(1)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess,2/6Accessx30.
Company'saccessesforinternaluseincluded.
Total"fixedwireless"accessesincluded.
"(2)IncludesADSL,cablemodemandbroadbandcircuits.
"(3)Retailcircuitsotherthanbroadband.
"(4)Includes150thousandclientsofTVAfromJune2011.
"TELEFNICALATINOAMRICA""ACCESSESBYCOUNTRY(II)"Unauditedfigures(Thousands)2010,,,,2011,,,,,,,,,,,,"March","June","September","December",,"March","June","September","December""PERU""FinalClientsAccesses",16162.
6,16304.
7,16611.
5,16954.
3,,17057.
3,17504.
599999999999,,"Fixedtelephonyaccesses(1)",2945.
3,2915,2895.
4,2871.
2,,2852,2842.
8,,"Fixedwireless",555.
79999999999995,539.
70000000000005,535.
6,537.
79999999999995,,515.
4,491.
7,,"Internetanddataaccesses",824,860,863.
1,885.
4,,934.
3,1005.
3,,"Narrowband",15,16.
5,15.
9,15.
4,,11,10.
5,,"Broadband(2)",792.
2,825.
3,828.
4,850.
8,,903.
6,974.
7,,"Other(3)",16.
8,18.
2,18.
8,19.
2,,19.
7,20.
100000000000001,,"Mobileaccesses",11681.
1,11805.
4,12141.
9,12507.
1,,12559.
9,12920.
9,,"Pre-Pay",10151.
5,9873.
7999999999993,9880.
7999999999993,10104.
4,,10100.
5,10300.
799999999999,,"Contract",1529.
6,1931.
6,2261.
1,2402.
6999999999998,,2459.
5,2620.
1,,"PayTV",712.
3,724.
3,711.
1,690.
6,,711.
1,735.
6,,"WholesaleAccesses",0.
5,0.
5,0.
5,0.
5,,0.
5,0.
5,,"TotalAccesses",16163.
1,16305.
2,16611.
900000000001,16954.
8,,17057.
7,17505.
099999999999,,"COLOMBIA"FinalClientsAccesses",11528,11835.
4,12062.
9,12350.
3,,12338.
5,12312.
8,,"Fixedtelephonyaccesses(1)",1628.
2,1627.
1,1623.
7,1586.
9,,1569.
2,1540.
4,,"Internetanddataaccesses",464.
9,499.
7,534.
5,553.
6,,581.
6,594.
29999999999995,,"Narrowband",4.
9000000000000004,4.
5999999999999996,5.
3,5.
6,,6,6.
7,,"Broadband(2)",460,495,529.
20000000000005,548,,575.
6,587.
6,,"Mobileaccesses",9287.
5,9537.
6,9720.
1,10004.
5,,9970.
6,9949.
4,,"Pre-Pay",7369,7497.
1,7520.
5,7679.
1,,7531.
4,7420,,"Contract",1918.
5,2040.
5,2199.
6,2325.
5,,2439.
1999999999998,2529.
4,,"PayTV",147.
4,171,184.
7,205.
3,,217.
1,228.
7,,"WholesaleAccesses",3.
3,3.
3,3.
3,3.
3,,3.
3,3.
3,,"TotalAccesses",11531.
3,11838.
7,12066.
2,12353.
6,,12341.
8,12316.
1,,"MEXICO""Mobileaccesses",17813.
2,18256.
900000000001,18760.
5,19661.
599999999999,,20057,20566.
7,,"Pre-Pay",16617.
3,16904.
400000000001,17289.
7,18061.
3,,18476.
2,18930.
900000000001,,"Contract",1195.
9000000000001,1352.
5,1470.
8,1600.
2,,1580.
8,1635.
9,,"Fixedwireless",381.
1,430.
6,496,565.
5,,604.
1,667.
6,,"TotalAccesses",18194.
3,18687.
5,19256.
5,20227.
099999999999,,20661.
099999999999,21234.
3,,"VENEZUELA""Mobileaccesses",10254.
6,10265.
4,9851,9514.
7000000000007,,9078.
1,9359.
7000000000007,,"Pre-Pay",9601.
7000000000007,9596.
1,9137,8740.
2999999999993,,8272.
2000000000007,8515.
7000000000007,,"Contract",652.
9,669.
3,714,774.
4,,805.
9,843.
9,,"Fixedwireless",1170.
8,1175.
8,1023.
4,966.
2,,916.
3,920,,"PayTV",68.
7,64.
400000000000006,68.
3,69.
3,,74.
900000000000006,89,,"TotalAccesses",11494,11505.
6,10942.
7,10550.
2,,10069.
200000000001,10368.
6,,,,,,,,"(1)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess,2/6Accessx30.
Company'saccessesforinternaluseincluded.
Total"fixedwireless"accessesincluded.
"(2)IncludesADSL,opticalfiber,cablemodemandbroadbandcircuits.
"(3)Retailcircuitsotherthanbroadband.
"TELEFNICALATINOAMRICA""ACCESSESBYCOUNTRY(III)"Unauditedfigures(Thousands),2010,,,,,2011,,,,"March","June","September","December",,"March","June","September","December""CENTRALAMERICA(1)"Fixedtelephonyaccesses(2)",453.
2,441.
5,451,465.
7,,470.
6,491.
2,,"FixedWireless",223.
1,224.
9,238.
4,301.
7,,303.
10000000000002,314.
2,,"Internetanddataaccesses",12.
7,11.
6,10.
9,3,,2.
7,2.
9,,"Broadband(3)",11.
4,10.
4,9.
5,0.
5,,1.
6,1.
7,,"Others(4)",1.
2,1.
2,1.
3,2.
4,,1.
1000000000000001,1.
1000000000000001,,"Mobileaccesses",5969.
2,6044,6166.
6,6403.
7,,6626.
3,6805.
8,,"Pre-Pay",5473.
2,5454.
1,5550.
5,5776,,5994.
9,6160.
9,,"Contract",496,589.
9,616.
20000000000005,627.
70000000000005,,631.
4,644.
9,,"TotalAccesses",6435.
1,6497.
2,6628.
5,6872.
4,,7099.
7,7299.
9,,,"ECUADOR""Mobileaccesses",3846.
7,3981.
1,4060.
7,4219.
8,,4392.
3999999999996,4454.
2,,"Pre-Pay",3299.
4,3405.
8,3448.
7,3561.
6,,3723.
3,3775.
6,,"Contract",547.
29999999999995,575.
29999999999995,612.
1,658.
2,,669.
1,678.
6,,"FixedWireless",87.
5,89,94,94.
8,,76.
5,59.
8,,,"TotalAccesses",3934.
2,4070.
1,4154.
8,4314.
6000000000004,,4468.
8999999999996,4514,,"URUGUAY""Mobileaccesses",1633.
5,1657.
8,1671.
5,1708.
5,,1743.
1,1755.
6,,"Pre-Pay",1170.
7,1193,1199.
9000000000001,1228.
0999999999999,,1260,1261.
7,,"Contract",462.
8,464.
8,471.
6,480.
4,,483.
1,493.
9,,"TotalAccesses",1633.
5,1657.
8,1671.
5,1708.
5,,1743.
1,1755.
6,,"(1)IncludesGuatemala,Panamá,ElSalvadorandNicaragua.
"(2)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess,2/6Accessx30.
Company'saccessesforinternaluseincluded.
Total"fixedwireless"accessesincluded.
"(3)Includesopticalfiber,cablemodemandbroadbandcircuits.
",,,,,,"(4)Retailcircuitsotherthanbroadband.
",,,,,,,,,,,,,,TLATAM-KPIs"TELEFNICALATINOAMRICA""SELECTEDMOBILEBUSINESSOPERATINGDATABYCOUNTRY""Unauditedfigures,2010,,,,,2011,,,,,,"Q1","Q2","Q3","Q4",,"Q1","Q2","Q3","Q4",,,,,"BRAZIL""Traffic(Millionminutes)",18345,18639,20196,20283,,20774,22318,,,,"ARPU(EUR)",10.
1,11.
1,11.
3,11.
3,,10.
8,11.
1,,,,"ARGENTINA""Traffic(Millionminutes)",4052,4271,4515,4713,,4297,4674,,,,"ARPU(EUR)",8.
5,9.
1999999999999993,9.
5,9.
6,,9.
4,9.
3000000000000007,,,,"CHILE""Traffic(Millionminutes)",2822,2859,3025,3085,,3000,3006,,,,"ARPU(EUR)",11.
5,12,12.
4,12.
5,,12,11.
3,,,,"PERU""Traffic(Millionminutes)",3072,3208,3502,3881,,3868,3956,,,,"ARPU(EUR)",5.
7,6.
3,6.
3,6.
3,,6.
1,5.
7,,,,"COLOMBIA""Traffic(Millionminutes)",3779,3995,4148,4303,,4148,4573,,,,"ARPU(EUR)",6.
7,7.
1,7.
6,7.
4,,6.
8,7.
1,,,,"MXICO""Traffic(Millionminutes)",6298,5745,5426,5764,,5860,5857,,,,"ARPU(EUR)",6.
8,7.
5,6.
8,6.
6,,5.
8,5.
3,,,,"VENEZUELA""Traffic(Millionminutes)",3560,3519,3523,3593,,3464,3534,,,"ARPU(EUR)",12.
9,14.
1,14.
6,15.
5,,15.
7,15.
7,,,"CENTRALAMERICA(1)"Traffic(Millionminutes)",1802,1906,2107,2220,,2249,2371,,,"ARPU(EUR)",6.
6,7.
1,6.
6,6.
4,,6.
1,5.
6,,,"ECUADOR""Traffic(Millionminutes)",1035,1067,1063,1103,,1176,1158,,,"ARPU(EUR)",6.
3,7,7,6.
8,,6.
4,6.
3,,,"URUGUAY""Traffic(Millionminutes)",691,706,742,797,,764,744,,,"ARPU(EUR)",9.
9,10.
5,9.
8000000000000007,10,,9.
9,9.
6999999999999993,,,"Notes:"-ARPUcalculatedasamonthlyquarterlyaverage.
"-Trafficisdefinedasminutesusedbythecompanycustomers,bothoutboundandinbound.
On-nettrafficisonlyincludedonce(outbound),andpromotionaltrafficisincluded.
TrafficnotassociatedtotheCompany'smobilecustomers(roaming-in,MVNOs,interconnectionofthirdpartiesandotherbusinesslines)isexcluded.
Trafficvolumenonrounded.
"(1)IncludesGuatemala,Panama,ElSalvadorandNicaragua.
,,,,,,,,TLATAM-KPIs(2)"TELEFNICALATINOAMERICA""CUMULATIVESELECTEDMOBILEBUSINESSOPERATINGDATABYCOUNTRY""Unauditedfigures",,,,,,,,2010,,,,,2011,,,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sep","Jan-Dec",,,"BRAZIL""Traffic(Millionminutes)",18345,36984,57180,77463,,20774,43092,,"ARPU(EUR)",10.
1,10.
6,10.
9,11,,10.
8,11,,"ARGENTINA""Traffic(Millionminutes)",4052,8323,12837,17550,,4297,8970,,"ARPU(EUR)",8.
5,8.
8000000000000007,9,9.
1999999999999993,,9.
4,9.
1999999999999993,,"CHILE""Traffic(Millionminutes)",2822,5681,8706,11791,,3000,6006,,"ARPU(EUR)",11.
5,11.
8,12,12.
1,,12,11.
6,,"PERU""Traffic(Millionminutes)",3072,6280,9781,13662,,3868,7823,,"ARPU(EUR)",5.
7,6,6.
1,6.
2,,6.
1,5.
9,,"COLOMBIA""Traffic(Millionminutes)",3779,7774,11923,16226,,4148,8721,,"ARPU(EUR)",6.
7,6.
9,7.
1,7.
2,,6.
8,6.
9,,"MEXICO""Traffic(Millionminutes)",6298,12043,17468,23232,,5860,11717,,"ARPU(EUR)",6.
8,7.
2,7,6.
9,,5.
8,5.
5,,"VENEZUELA""Traffic(Millionminutes)",3560,7078,10602,14195,,3464,6998,,"ARPU(EUR)",12.
9,13.
5,13.
9,14.
3,,15.
7,15.
7,,"CENTRALAMERICA(1)"Traffic(Millionminutes)",1802,3709,5815,8035,,2249,4620,,"ARPU(EUR)",6.
6,6.
9,6.
8,6.
7,,6.
1,5.
9,,"ECUADOR""Traffic(Millionminutes)",1035,2102,3165,4268,,1176,2334,,"ARPU(EUR)",6.
3,6.
7,6.
8,6.
8,,6.
4,6.
4,,"URUGUAY""Traffic(Millionminutes)",691,1397,2139,2936,,764,1508,,"ARPU(EUR)",9.
9,10.
199999999999999,10.
1,10.
1,,9.
9,9.
8000000000000007,,,,,,,,,"Note:"-ARPUcalculatedasamonthlyquarterlyaverageforeachperiod.
"-Trafficisdefinedasminutesusedbythecompanycustomers,bothoutboundandinbound.
On-nettrafficisonlyincludedonce(outbound),andpromotionaltrafficisincluded.
TrafficnotassociatedtotheCompany'smobilecustomers(roaming-in,MVNOs,interconnectionofthirdpartiesandotherbusinesslines)isexcluded.
Trafficvolumenonrounded.
"(1)IncludesGuatemala,Panama,ElSalvadorandNicaragua.
,,,,,,,Latam-Financ"TELEFNICALATINOAMRICA""SELECTEDFINANCIALDATABYCOUNTRY(I)"Unauditedfigures(Eurosinmillions),,2010,,,,,,2011,,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""BRAZIL(1)","Revenues",2304,2573,2664,3578,11119,,3515,3608,,,,,,,"WirelineBusiness",1579,1733,1774,1758,6843,,1756,1849,,,,,,,"WirelessBusiness",854,971,1024,2110,4959,,2120,2198,,,,,,,"Servicerevenues",792,910,957,1990,4649,,1985,2081,,,,,,,"OIBDA",770,911,972,1420,4074,,1260,1401,,,,,,,"OIBDAmargin",0.
33400000000000002,0.
35399999999999998,0.
36499999999999999,0.
39700000000000002,0.
36599999999999999,,0.
35799999999999998,0.
38800000000000001,,,,,,,"CapEx",209,306,388,893,1797,,313,807,,,,,,,"OpCF(OIBDA-CapEx)",561,605,584,527,2277,,947,594,,,,,,"ARGENTINA","Revenues",678,764,808,824,3073,,759,753,,,,,,,"WirelineBusiness",270,296,318,302,1187,,303,300,,,,,,,"WirelessBusiness",429,491,513,546,1979,,482,478,,,,,,,"Servicerevenues",401,458,478,508,1845,,441,441,,,,,,,"OIBDA",242,272,301,268,1082,,259,251,,,,,,,"OIBDAmargin(2)",0.
34699999999999998,0.
34599999999999997,0.
36499999999999999,0.
318,0.
34300000000000003,,0.
33300000000000002,0.
32200000000000001,,,,,,,"CapEx",66,70,94,168,398,,60,101,,,,,,,"OpCF(OIBDA-CapEx)",175,201,207,100,684,,199,150,,,,,,"CHILE","Revenues",492,530,560,614,2197,,573,561,,,,,,,"WirelineBusiness",235,252,263,288,1038,,256,255,,,,,,,"WirelessBusiness",280,306,324,356,1266,,347,338,,,,,,,"Servicerevenues",264,283,302,325,1175,,322,313,,,,,,,"OIBDA",210,242,266,374,1092,,247,263,,,,,,,"OIBDAmargin",0.
42699999999999999,0.
45600000000000002,0.
47499999999999998,0.
60799999999999998,0.
497,,0.
43099999999999999,0.
46899999999999997,,,,,,,"CapEx",58,83,107,268,516,,76,123,,,,,,,"OpCF(OIBDA-CapEx)",152,159,159,106,576,,170,140,,,,,,"PERU","Revenues",451,505,510,494,1960,,495,476,,,,,,,"WirelineBusiness",258,289,285,265,1097,,264,256,,,,,,,"WirelessBusiness",225,250,260,266,1001,,263,250,,,,,,,"Servicerevenues",191,214,220,229,854,,223,211,,,,,,,"OIBDA",163,200,235,214,812,,188,178,,,,,,,"OIBDAmargin",0.
36199999999999999,0.
39500000000000002,0.
46,0.
434,0.
41399999999999998,,0.
38,0.
373,,,,,,,"CapEx",18,58,100,120,295,,34,51,,,,,,,"OpCF(OIBDA-CapEx)",145,142,135,95,517,,154,127,,,,,,"COLOMBIA","Revenues",346,380,408,396,1529,,377,385,,,,,,,"WirelineBusiness",161,176,187,177,700,,165,171,,,,,,,"WirelessBusiness",193,213,232,234,872,,221,223,,,,,,,"Servicerevenues",182,199,216,217,814,,205,207,,,,,,,"OIBDA",113,127,157,87,484,,119,126,,,,,,,"OIBDAmargin",0.
32700000000000001,0.
33600000000000002,0.
38400000000000001,0.
221,0.
317,,0.
317,0.
32900000000000001,,,,,,,"CapEx",22,79,104,129,334,,47,80,,,,,,,"OpCF(OIBDA-CapEx)",91,48,52,-41,150,,72,46,,,,,,"Note:OIBDAispresentedbeforemanagementandbrandfees.
"(1)Includes100%ofVivosinceOctober2010andfromthesecondquarteroftheyearandretroactivelyfromJanuary1st,2011,thefullconsolidationofTVA,companythatwasalreadypartofTelefónica'sperimetersincethefourthquarterof2007.
CapExincludes355millioneurosinQ211fromthecostofspectrumacquiredin2010.
"(2)Marginoverrevenuesincludesfixedtomobileinterconnection.
"TELEFNICALATINOAMRICA""SELECTEDFINANCIALDATABYCOUNTRY(II)"Unauditedfigures(Eurosinmillions),,2010,,,,,,2011,,,,,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,,"MEXICO(T.
MóvilesMexico)(1)","Revenues",436,488,450,458,1832,,417,391,,,,,,,"Servicerevenues",387,441,408,416,1651,,379,349,,,,,,,"OIBDA",132,181,161,149,623,,114,102,,,,,,,"OIBDAmargin",0.
30199999999999999,0.
371,0.
35799999999999998,0.
32500000000000001,0.
34,,0.
27400000000000002,0.
26200000000000001,,,,,,,"CapEx",23,67,1104,386,1580,,77,47,,,,,,,"OpCF(OIBDA-CapEx)",109,114,-942,-237,-957,,37,56,,,,,,"VENEZUELA(T.
MovilesVenezuela)(2)","Revenues",491,690,428,710,2318,,508,560,,,,,,,"Servicerevenues",436,619,396,623,2073,,450,509,,,,,,,"OIBDA",227,305,221,334,1087,,233,228,,,,,,,"OIBDAmargin",0.
46200000000000002,0.
443,0.
51600000000000001,0.
47099999999999997,0.
46899999999999997,,0.
45900000000000002,0.
40699999999999997,,,,,,,"CapEx",59,62,41,132,293,,81,63,,,,,,,"OpCF(OIBDA-CapEx)",168,243,180,203,794,,152,165,,,,,,"CENTRALAMERICA(3)","Revenues",135,147,140,140,562,,135,129,,,,,,,"Servicerevenues",127,137,131,128,522,,127,117,,,,,,,"OIBDA",46,47,44,52,189,,39,34,,,,,,,"OIBDAmargin",0.
33800000000000002,0.
318,0.
316,0.
373,0.
33600000000000002,,0.
28599999999999998,0.
26100000000000001,,,,,,,"CapEx",11,19,25,50,105,,5,82,,,,,,,"OpCF(OIBDA-CapEx)",35,28,20,2,84,,34,-48,,,,,,"ECUADOR(T.
MóvilesEcuador)","Revenues",90,102,103,102,396,,96,97,,,,,,,"Servicerevenues",79,88,89,89,345,,86,85,,,,,,,"OIBDA",26,30,32,33,121,,31,32,,,,,,,"OIBDAmargin",0.
29299999999999998,0.
29099999999999998,0.
313,0.
32800000000000001,0.
307,,0.
32700000000000001,0.
32900000000000001,,,,,,,"CapEx",6,13,15,27,60,,2,8,,,,,,,"OpCF(OIBDA-CapEx)",20,17,18,6,61,,29,24,,,,,,"URUGUAY(T.
MóvilesUruguay)","Revenues",54,56,53,54,217,,58,54,,,,,,,"Servicerevenues",51,53,50,51,206,,56,52,,,,,,,"OIBDA",23,23,22,26,95,,27,24,,,,,,,"OIBDAmargin",0.
434,0.
41299999999999998,0.
41899999999999998,0.
48899999999999999,0.
438,,0.
46899999999999997,0.
45100000000000001,,,,,,,"CapEx",2,6,4,17,29,,1,2,,,,,,,"OpCF(OIBDA-CapEx)",21,18,18,9,66,,27,22,,,,,,"Note:OIBDAispresentedbeforemanagementandbrandfees.
"(1)CapExincludes1,237millioneurosfromtheacquisitionofsprectruminMexicoin2010.
"(2)2010and2011reportedfiguresincludethehyperinflationaryadjustmentsinVenezuelainbothyears.
"(3)IncludesGuatemala,Panamá,ElSalvador,NicaraguaandCostaRica.
CapExincludes68millioneurosfromthecostofspectrumacquiredinCostaRicain2010.
,,,,,,,,,,,,,,,,Europe-Oper"TELEFNICAEUROPE""ACCESSES""Unauditedfigures(Thousands),2010,,,,,2011,,,,,,,,,"March","June","September","December",,"March","June","September","December",,,,,"FinalClientsAccesses",52769.
9,53355.
5,54080,55050.
6,,55603.
6,56025.
5,,,,,,,"Fixedtelephonyaccesses(1)",3620.
8,3564.
7,3533.
5,3672.
4,,3744,3791.
5,,,,,,,"Internetanddataaccesses",4364,4382.
3999999999996,4409.
3999999999996,4496.
3999999999996,,4553.
5,4594.
1000000000004,,,,,,,"Narrowband",559.
4,537.
9,528.
6,503.
2,,480.
3,464.
4,,,,,,,"Broadband",3776,3815.
5,3852.
8,3964.
9,,4045.
1,4101.
3999999999996,,,,,,,"Other(2)",28.
5,29,28,28.
3,,28.
1,28.
3,,,,,,,"Mobileaccesses",44599.
5,45217,45938.
5,46675.
5,,47098.
1,47430.
6,,,,,,,"Pre-Pay",23167.
9,23430.
400000000001,23787.
9,23994.
9,,23972,23934.
6,,,,,,,"Contract(3)",21431.
599999999999,21786.
6,22150.
6,22680.
6,,23126.
1,23496,,,,,,,"PayTV",185.
6,191.
4,198.
6,206.
4,,208,209.
3,,,,,,,"WholesaleAccesses(4)",1152.
5,1186.
0999999999999,1216.
2,1247.
7,,1265.
5999999999999,1253.
3,,,,,,,"TotalAccesses",53922.
400000000001,54541.
599999999999,55296.
3,56298.
3,,56869.
2,57278.
8,,,,,,,,,,,,,,"(1)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess;2/6Accessx30.
Company'saccessesforinternaluseincluded.
IncludesVoIPandNakedADSL.
"(2)Retailcircuitsotherthanbroadband.
"(3)June2010includesthedisconnectionofinactivemobilecontractcustomersinCzechRepublic.
"(4)IncludesUnbundledLinesbyT.
Germany.
"Notes:",,,,,,"-AccessesincludeManxTelecomcustomersuntilJune2010.
"-StartingMarch2010,T.
EuropeincludesaccessesfromHanseNet.
Europe-P&L"TELEFNICAEUROPE",,,,,"CONSOLIDATEDINCOMESTATEMENT",,,,,"Unauditedfigures(Eurosinmillions)",,,,,,2011,,,,,,2011,,,,,,,,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""Revenues",3591483,3908612,4070960,4152791,15723846,,3891604,3770017,,,"Internalexpenditurecapitalizedinfixedassets",43092,45365,47903,61776,198135,,48885,41856,,,"Operatingexpenses",-2706090,-2876289,-3209281,-3119889,-11911549,,-2917716,-2746163,,,"Supplies",-1536960,-1666663,-1823667,-1872364,-6899653,,-1707669,-1617771,,,"Personnelexpenses",-379414,-365239,-577914,-368441,-1691007,,-371182,-347274,,,"Subcontracts",-729115,-800685,-756692,-819749,-3106241,,-789595,-736408,,,"Baddebtprovision",-52565,-35261,-40456,-49236,-177518,,-41237,-36632,,,"Taxes",-8037,-8442,-10552,-10099,-37130,,-8033,-8078,,,"Othernetoperatingincome(expense)",3758,817,1040,-930,4686,,575,2629,,,"Gain(loss)onsaleoffixedassets",-375,61249,806,3836,65516,,4806,740,,,"Impairmentofgoodwillandotherassets",-388,-109,-102,-105,-704,,-73,-134,,,"OperatingincomebeforeD&A(OIBDA)",931479,1139646,911327,1097479,4079930,,1028081,1068944,,,"OIBDAMargin",0.
25900000000000001,0.
29199999999999998,0.
224,0.
26400000000000001,0.
25900000000000001,,0.
26400000000000001,0.
28399999999999997,,,"Depreciationandamortization",-735269,-801046,-821888,-843052,-3201255,,-804709,-710013,,,"Operatingincome(OI)",196209,338599,89439,254427,878675,,223373,358931,,,,,,,,,,"Note:"-OIBDAandOIbeforemanagementandbrandfees.
"-HanseNetandJajahhavebeenincludedinT.
Europe'sconsolidationperimetersincemidFebruary2010andsinceJanuary2010respectively,andManxTelecomhasbeenexcludedfromtheconsolidationperimetersinceJuly,2010.
"-Figuresinmillioneuros.
OIBDAincludesacapitalgainof61fromthesaleofManxTelecominthesecondquarterof2010.
"-DuetotheentryofTelefónicaInternationalWholesaleServices(TIWS)andTelefónicaNorthAmerica(TNA)intheconsolidationperimeterofTelefónicaEuropesince1stJanuary2011theresultsofTelefónicaEuropehavebeenrestatedforthefiscalyear2010.
,,,,,,,,,,,,,EuropeCountries-Oper"TELEFNICAEUROPE""ACCESSESBYCOUNTRY""Unauditedfigures(Thousands),2010,,,,,2011,,"March","June","September","December",,"March","June","September","December",,,,,,,"TELEFNICAUK""FixedTelephonyAccesses(1)","-",20.
6,50.
4,86.
7,,116.
1,135.
9,"Internetanddataaccesses",632.
4,650,663.
8,671.
6,,669.
2,652.
9,"Broadband",632.
4,650,663.
8,671.
6,,669.
2,652.
9,"Mobileaccesses",21355.
5,21605.
599999999999,21957.
1,22211.
5,,22286.
400000000001,22142.
6,"Pre-Pay",11602,11544.
6,11659.
6,11712.
3,,11636.
5,11468,"Contract",9753.
5,10061,10297.
4,10499.
2,,10649.
9,10674.
6,"TotalAccesses",21987.
9,22276.
2,22671.
3,22969.
8,,23071.
7,22931.
3,"TELEFNICAGERMANY""FinalClientsAccesses",20571.
400000000001,20934.
3,21344.
5,21957.
5,,22383.
200000000001,22849.
5,"FixedTelephonyAccesses(1)",1826.
3,1779.
4,1797.
3,1916.
4,,1988.
6,2044.
8,"Internetanddataaccesses",2832.
5,2824.
7,2851.
2,2914.
7,,2958.
5,2977.
2,"Narrowband",428,411.
4,406.
2,385.
7,,367.
7,356.
8,"Broadband",2404.
5,2413.
3000000000002,2445.
1,2529.
1,,2590.
8000000000002,2620.
4,"Mobileaccesses",15864.
7,16272.
1,16628,17049.
2,,17357.
2,17748,"Pre-Pay",8009.
9,8336,8602.
5,8795.
2000000000007,,8896.
7999999999993,9035.
1,"Contract",7854.
8,7936,8025.
5,8254,,8460.
4,8712.
7999999999993,"PayTV",47.
9,58.
2,68,77.
2,,79,79.
5,"WholesaleAccesses(2)",1040.
0999999999999,1072.
5999999999999,1098.
5999999999999,1116.
5,,1127.
5999999999999,1118.
2,"TotalAccesses",21611.
5,22006.
9,22443,23074,,23510.
799999999999,23967.
7,"TELEFNICAIRELAND""Internetanddataaccesses",4.
0999999999999996,5.
8,7.
9,11.
2,,15.
2,18.
5,"Broadband",4.
0999999999999996,5.
8,7.
9,11.
2,,15.
2,18.
5,"Mobileaccesses",1705.
6,1710.
8,1716.
2,1695.
8,,1680.
3,1668.
8,"Pre-Pay",1003.
8,997.
6,993.
6,966.
5,,944.
2,927.
1,"Contract",701.
8,713.
1,722.
7,729.
4,,736,741.
7,"TotalAccesses",1709.
7,1716.
6,1724.
1,1707.
1,,1695.
4,1687.
2,"TELEFNICACZECHREPUBLIC""FinalClientsAccesses",7696.
4,7558.
5,7559.
1,7535.
8,,7505.
6,7554.
7,"Fixedtelephonyaccesses(1)",1737.
5,1708.
3,1685.
8,1669.
2,,1639.
3,1610.
8,"NakedADSL",89.
8,114.
8,138.
80000000000001,163.
69999999999999,,186.
7,198.
2,"VoIP",23.
4,28.
5,33.
1,38.
6,,41.
1,47.
1,"Internetanddataaccesses",868.
4,874.
8,886.
5,898.
8,,910.
7,945.
6,"Narrowband",131.
4,126.
5,122.
4,117.
5,,112.
6,107.
6,"Broadband",708.
4,719.
3,736.
1,753,,769.
9,809.
6,"Other(3)",28.
5,29,28,28.
3,,28.
1,28.
3,"Mobileaccesses",4952.
7,4842.
2,4856.
2,4838.
6000000000004,,4826.
6000000000004,4868.
6000000000004,"Pre-Pay",2094.
8000000000002,2060.
4,2037.
6,1975,,1927.
1,1912.
3,"Contract(4)",2857.
9,2781.
8,2818.
6,2863.
6,,2899.
5,2956.
4,"PayTV",137.
69999999999999,133.
19999999999999,130.
6,129.
19999999999999,,129,129.
80000000000001,"WholesaleAccesses",112.
4,113.
5,117.
7,131.
19999999999999,,138,135.
1,"TotalAccesses",7808.
8,7672,7676.
7,7667,,7643.
6,7689.
9,"TELEFNICASLOVAKIA""Mobileaccesses",645.
70000000000005,708.
6,781.
1,880.
4,,947.
7,1002.
6,"Pre-Pay",418.
1,450.
6,494.
6,545.
9,,567.
4,592.
1,"Contract",227.
6,257.
89999999999998,286.
39999999999998,334.
5,,380.
3,410.
5,"TotalAccesses",645.
70000000000005,708.
6,781.
1,880.
4,,947.
7,1002.
6,,,,,,,"(1)PSTN(includingPublicUseTelephony)x1;ISDNBasicaccessx1;ISDNPrimaryaccess;2/6Accessx30.
Company'saccessesforinternaluseincluded.
IncludesVoIPandNakedADSL.
"(2)IncludesUnbundledLinesbyT.
Germany.
"(3)Retailcircuitsotherthanbroadband.
"(4)111thousandinactivecontractcustomersweredisconnectedinJune2010.
"Note:StartingMarch2010,T.
GermanyincludesaccessesfromHanseNet.
"-AccessesinUKandIrelandshowamoredetailedsplitfrompreviousreporting.
InthecaseofUKandasfrom1stJanuary2011,Telefónicaprovidesfiguresfor"Fixedtelephonyaccesses"duetotherelevanceofyear-on-yearchanges.
Thesameappliesto"Internetanddataaccesses"inIreland.
Asaresult,totalaccessesinbothcountriesincludenowthenewsplitpreviouslyrecordedjustataT.
Europelevel.
TotalT.
Europeaccessesin2010arenotaffected.
Europe-KPIs"TELEFNICAEUROPE"SELECTEDOPERATINGMOBILEBUSINESSDATABYCOUNTRY""Unauditedfigures",,,,,,,2010,,,,,2011,,,,,,,,,,,"Q1","Q2","Q3","Q4",,"Q1","Q2","Q3","Q4",,"TELEFNICAUK""Traffic(minutes)",14155,14346,14565,15076,,13500,13139,,"ARPU(EUR)",24,25.
3,26.
1,25.
2,,24.
2,22.
6,,"Pre-Pay",11.
3,11.
7,12,12,,10.
8,10.
1,,"Contract",39.
4,41,42.
1,40,,39,36.
1,,"DataARPU(EUR)",9.
6,10.
1,10.
4,10.
4,,10.
5,10.
3,,"%non-P2PSMSoverdatarevenues",0.
307,0.
33700000000000002,0.
33100000000000002,0.
33500000000000002,,0.
376,0.
40200000000000002,,"TELEFNICAGERMANY""Traffic(minutes)",6223,6299,6292,6729,,6859,7018,,"ARPU(EUR)",14.
8,14.
8,15,14.
5,,13.
1,13.
6,,"Pre-Pay",5.
7,6,6.
2,6.
6,,5.
4,5.
7,,"Contract",24.
2,23.
9,24.
3,23,,21.
3,21.
8,,"DataARPU(EUR)",5,4.
7,4.
9000000000000004,5.
2,,5.
2,5.
6,,"%non-P2PSMSoverdatarevenues",0.
40899999999999997,0.
39400000000000002,0.
435,0.
436,,0.
47499999999999998,0.
502,,"TELEFNICAIRELAND""Traffic(minutes)",1166,1181,1172,1213,,1117,1140,,"ARPU(EUR)",37.
4,36.
9,37.
200000000000003,36.
6,,34.
4,34,,"Pre-Pay",21.
8,27,24.
3,24.
3,,20.
100000000000001,22.
4,,"Contract",60.
1,50.
9,55.
1,53.
1,,53,48.
5,,"DataARPU(EUR)",12,12.
1,12.
5,12.
5,,14.
3,13,,"%non-P2PSMSoverdatarevenues",0.
38300000000000001,0.
39500000000000002,0.
374,0.
377,,0.
374,0.
43,,"TELEFNICACZECHREPUBLIC(1)"Traffic(minutes)",2127,2260,2170,2233,,2159,2274,,"ARPU(EUR)",17.
8,18.
600000000000001,19,18.
8,,17.
399999999999999,17.
600000000000001,,"Pre-Pay",7.
6,8.
1999999999999993,8.
1999999999999993,8.
6,,7.
5,7.
8,,"Contract",25.
3,26.
3,26.
9,26,,24.
2,24.
1,,"DataARPU(EUR)",4.
5,4.
5999999999999996,4.
9000000000000004,5,,4.
7,4.
7,,"%non-P2PSMSoverdatarevenues",0.
45,0.
438,0.
45100000000000001,0.
44800000000000001,,0.
45500000000000002,0.
44700000000000001,,,,,,,,,,"(1)KPIsforMobilebusinessinCzechRepublicdonotincludeSlovakia.
"Notes:"-ARPUcalculatedasmonthlyquarterlyaverage.
"-Trafficisdefinedasminutesusedbythecompanycustomers,bothoutboundandinbound.
On-nettrafficisonlyincludedonce(outbound),andpromotionaltrafficisincluded.
TrafficnotassociatedtotheCompany'smobilecustomers(roaming-in,MVNOs,interconnectionofthirdpartiesandotherbusinesslines)isexcluded.
Trafficvolumenonrounded.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,KPIsmóvilesporpaís(2)"TELEFNICAEUROPE""CUMULATIVESELECTEDOPERATINGMOBILEBUSINESSDATABYCOUNTRY""Unauditedfigures",,,,,,,2010,,,,,2011,,,,,,,,,,"Jan-Mar","Jan-Jun","Jan-Sept","Jan-Dec",,"Jan-Mar","Jan-Jun","Jan-Sept","Jan-Dec","TELEFNICAUK""Traffic(Millionminutes)",14155,28502,43067,58143,,13500,26639,,"ARPU(EUR)",24,24.
6,25.
1,25.
1,,24.
2,23.
4,,"Pre-Pay",11.
3,11.
5,11.
7,11.
8,,10.
8,10.
5,,"Contract",39.
4,40.
200000000000003,40.
9,40.
6,,39,37.
5,,"DataARPU(EUR)",9.
6,9.
9,10,10.
1,,10.
5,10.
4,,"%non-P2PSMSoverdatarevenues",0.
307,0.
32200000000000001,0.
32500000000000001,0.
32800000000000001,,0.
376,0.
38900000000000001,,"TELEFNICAGERMANY""Traffic(Millionminutes)",6223,12522,18814,25543,,6859,13877,,"ARPU(EUR)",14.
8,14.
8,14.
9,14.
8,,13.
1,13.
4,,"Pre-Pay",5.
7,5.
8,6,6.
1,,5.
4,5.
6,,"Contract",24.
2,24,24.
1,23.
8,,21.
3,21.
5,,"DataARPU(EUR)",5,4.
9000000000000004,4.
9000000000000004,5,,5.
2,5.
4,,"%non-P2PSMSoverdatarevenues",0.
40899999999999997,0.
40200000000000002,0.
41299999999999998,0.
41899999999999998,,0.
47499999999999998,0.
48899999999999999,,"TELEFNICAIRELAND""Traffic(Millionminutes)",1166,2347,3519,4732,,1117,2257,,"ARPU(EUR)",37.
4,37.
1,37.
1,37,,34.
4,34.
200000000000003,,"Pre-Pay",21.
8,24.
3,24.
3,24.
3,,20.
100000000000001,21.
3,,"Contract",60.
1,55.
5,55.
3,54.
7,,53,50.
8,,"DataARPU(EUR)",12,12,12.
2,12.
3,,14.
3,13.
7,,"%non-P2PSMSoverdatarevenues",0.
38300000000000001,0.
38900000000000001,0.
38400000000000001,0.
38200000000000001,,0.
374,0.
40100000000000002,,"TELEFNICACZECHREPUBLIC(1)"Traffic(Millionminutes)",2127,4387,6558,8790,,2159,4433,,"ARPU(EUR)",17.
8,18.
2,18.
5,18.
5,,17.
399999999999999,17.
5,,"Pre-Pay",7.
6,7.
9,8,8.
1,,7.
5,7.
6,,"Contract",25.
3,25.
8,26.
2,26.
1,,24.
2,24.
1,,"DataARPU(EUR)",4.
5,4.
5999999999999996,4.
7,4.
8,,4.
7,4.
7,,"%non-P2PSMSoverdatarevenues",0.
45,0.
44400000000000001,0.
44600000000000001,0.
44700000000000001,,0.
45500000000000002,0.
45100000000000001,,,,,,,,,,,,,,,,"(1)KPIsforMobilebusinessinCzechRepublicdonotincludeSlovakia.
"-ARPUcalculatedasmonthlyquarterlyaverage.
"-Trafficisdefinedasminutesusedbythecompanycustomers,bothoutboundandinbound.
On-nettrafficisonlyincludedonce(outbound),andpromotionaltrafficisincluded.
TrafficnotassociatedtotheCompany'smobilecustomers(roaming-in,MVNOs,interconnectionofthirdpartiesandotherbusinesslines)isexcluded.
Trafficvolumenonrounded.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Europe-Financ"TELEFNICAEUROPE",,,"SELECTEDFINANCIALDATABYCOUNTRY",,,"Unauditedfigures(Eurosinmillions)",,,,,2010,,,,,,2011,,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec""TELEFNICAUK","Revenues",1634,1782,1901,1884,7201,,1788,1664,,,,,,,,,"ServiceRevenues",1503,1629,1714,1667,6513,,1619,1507,,,,,,,,,"OIBDA",414,470,481,466,1830,,489,464,,,,,"OIBDAMargin",0.
253,0.
26400000000000001,0.
253,0.
247,0.
254,,0.
27300000000000002,0.
27900000000000003,,,,,"CapEx",162,185,159,211,717,,163,161,,,,,"OpCF(OIBDA-CapEx)",252,284,322,255,1113,,326,303,,,,"TELEFNICAGERMANY","Revenues",1074,1196,1242,1314,4826,,1228,1212,,,,,,,,,"ServiceRevenues",702,726,755,749,2932,,686,727,,,,,,,,,"OIBDA",241,291,102,310,944,,261,297,,,,,,"OIBDAMargin",0.
224,0.
24399999999999999,8.
2000000000000003E-2,0.
23599999999999999,0.
19600000000000001,,0.
21199999999999999,0.
245,,,,,,"CapEx(1)",113,1548,173,223,2057,,114,129,,,,,,"OpCF(OIBDA-CapEx)(1)",128,-1256,-71,87,-1113,,147,168,,,,,"TELEFNICAIRELAND","Revenues",211,208,221,207,848,,187,185,,,,,,"ServiceRevenues",196,193,198,191,779,,178,174,,,,,,"OIBDA",59,69,74,74,275,,54,59,,,,,,"OIBDAMargin",0.
27800000000000002,0.
33,0.
33300000000000002,0.
35599999999999998,0.
32400000000000001,,0.
28599999999999998,0.
318,,,,,,"CapEx",9,15,18,19,60,,9,16,,,,,,"OpCF(OIBDA-CapEx)",50,54,55,55,214,,44,42,,,,,,"TELEFNICACZECHREPUBLIC(2)","Revenues",530,549,555,563,2197,,528,536,,,,,,,"ServiceRevenues",261,274,274,270,1078,,250,254,,,,,,"OIBDA",215,237,251,250,953,,218,226,,,,,"OIBDAMargin",0.
40500000000000003,0.
433,0.
45300000000000001,0.
443,0.
434,,0.
41299999999999998,0.
42299999999999999,,,,,"CapEx",42,51,54,78,224,,46,59,,,,,"OpCF(OIBDA-CapEx)",173,187,197,172,729,,172,168,,,,"Notes:"-OIBDAbeforemanagementandbrandfees.
"-HanseNethasbeenincludedinT.
Germany'sconsolidationperimetersincemidFebruary2010.
"(1)CapExincludes1,379millioneurosfromtheacquisitionofsprectruminGermanyinthesecondquarterof2010.
"(2)IncludesSlovakia,exceptformobileservicerevenues.
,,,ATENTO-P&L"ATENTO",,,,,,"CONSOLIDATEDINCOMESTATEMENT",,,,,,"Unauditedfigures(Eurosinmillions)",,,,,,,2010,,,,,,2011,,,,,,,,,,,,,"Jan-Mar","Apr-Jun","Jul-Sep","Oct-Dec","Jan-Dec",,"Jan-Mar","Apr-Jun","Jul-Sept","Oct-Dec","Jan-Dec""Revenues",361631,416992,430149,454231,1663003,0,446336,446185,,,,"Internalexpenditurecapitalizedinfixedassets",0,0,0,0,0,0,0,0,,,,"Operatingexpenses",-326958,-382709,-373483,-391648,-1474798,0,-402131,-398088,,,,"Supplies",-18996,-24892,-23762,-29593,-97243,0,-24355,-23802,,,,"Personnelexpenses",-257035,-296968,-293668,-303262,-1150934,0,-315965,-308989,,,,"Subcontracts",-50770,-58248,-54717,-55857,-219592,,-59143,-63243,,,,"Baddebtprovision",973,-1133,-117,-1043,-1320,,-1218,-318,,,,"Taxes",-1129,-1468,-1219,-1892,-5709,,-1449,-1738,,,,"Othernetoperatingincome(expense)",107,176,-25,1622,1879,,253,159,,,,"Gain(loss)onsaleoffixedassets",0,-30,-152,-140,-321,,-33,-88,,,,"OperatingincomebeforeD&A(OIBDA)",34781,34428,56489,64003,189701,,44426,48167,,,,"OIBDAMargin",9.
6000000000000002E-2,8.
3000000000000004E-2,0.
13100000000000001,0.
14099999999999999,0.
114,0,0.
1,0.
108,,,,"Depreciationandamortization",-9282,-10603,-12509,-12314,-44709,,-15599,-14231,,,,"Operatingincome(OI)",25498,23825,43980,51689,144993,,28827,33936,,,,"OIMargin",7.
0999999999999994E-2,5.
7000000000000002E-2,0.
10199999999999999,0.
114,8.
6999999999999994E-2,,6.
5000000000000002E-2,7.
5999999999999998E-2,,,,"-Note:2010and2011figuresincludethehyperinflationaryadjustmentsinVenezuela.
"-AsAtentoleasesbuildingsandequipmentintheregionsinwhichtheCompanyconductsoperationstoserveitsclientsratherthanpurchasethosebuildingsandequipmentassomeofitscompetitorsdo,Atento'soperatingexpenses,andOIBDA,arenegativelyaffectedwhencomparedtocompetitors',whileAtento'sdepreciationchargesarepositivelyaffected.
Consequently,OIwouldbethemostcomparablemetrictofollow.
,,,,