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Telefonica, S.A.'s CEO Discusses Q1 2012 Results - Earnings Call Transcript

Telefonica, S.A. (TEF)

Q1 2012 Earnings Call

May 11, 2012 8:00 am ET

Executives

María García-Legaz Ponce - Head of Investor Relations

Ángel Vilá Boix - Member of The Supervisory Board

Julio Linares Lopez - Chief Operating Officer, Executive Director, Member of Innovation Committee and Member of Executive Commission

Unknown Executive -

Cesareo Alierta Izuel - Executive Chairman, Chief Executive Officer and Chairman of Executive Commission

Santiago Fernandez Valbuena - Chairman of Telefónica Latinoamérica and Director of Telefónica Latinoamérica

Analysts

Jesús Romero - BofA Merrill Lynch, Research Division

Torsten Achtmann - JP Morgan Chase & Co, Research Division

Georgios Ierodiaconou - Citigroup Inc, Research Division

Luis Prota - Morgan Stanley, Research Division

Luigi Minerva - HSBC, Research Division

Robin Bienenstock - Sanford C. Bernstein & Co., LLC., Research Division

Unknown Analyst

Timothy Boddy - Goldman Sachs Group Inc., Research Division

Will Milner - Arete Research Services LLP

Justin Funnell - Crédit Suisse AG, Research Division

Paul Marsch - Berenberg Bank, Research Division

Keval Khiroya - Deutsche Bank AG, Research Division

Nick Lyall - UBS Investment Bank, Research Division

Guy R. Peddy - Macquarie Research

Presentation

María García-Legaz Ponce

Good afternoon, ladies and gentlemen, and welcome to Telefónica's conference call to discuss January, March 2012 results. I am María García-Legaz, Head of Investor Relations.

Before proceeding, let me mention that this document contains financial information that has been prepared under International Financial Reporting Standards. These financial information is unaudited. This presentation may contain announcements that constitute forward-looking statements, which are not guarantees of future performance and involve risks and uncertainties, and that certain results may differ materially from those in the forward-looking statements as a result of various factors.

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