Acquisition of BS properties

Telefonica SA
18 October 2004







Further to the significant event filed under RNS  number 1235E, Telefonica has
submitted to the UK Listing Authority two copies of the presentation '
Acquisition of BS wireless properties in Latin America: Back- up information' on
the acquisition of 100% of BellSouth's cellular operators in Ecuador, Guatemala
and Panama..

This document will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5 HS






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            The company news service from the London Stock Exchange