Doc re. Investor Conference

Telefonica SA
25 May 2006


As reported under RNS number 5728D, on May 25th and 26th, 2006, Telefonica Group
host its Fifth Investor Conference in the City of Valencia.

Telefonica will submit to the UK Listing Authority two copies of all the
presentations held during this Investor Conference. These documents 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