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Company Description (as filed with the SEC)
Telefónica, S.A., is a corporation duly organized and existing under the laws of the Kingdom of Spain, incorporated on April 19, 1924. We are: · a diversified telecommunications group which provides a comprehensive range of services through one of the world’s largest and most modern telecommunications networks; · focused on providing telecommunications services; and · present principally in Europe and Latin America. The following significant events occurred in 2013: · On February 8, 2013, the bolivar fuerte was devalued from 4.3 bolivares fuertes per U.S. dollar to 6.3 bolivares fuertes per U.S. dollar. The exchange rate of 6.3 bolivares fuertes per U.S. dollar has been used in the conversion of the financial information of Venezuelan subsidiaries for the whole year in 2013. ... More ...