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Telefónica, S.A. Management Discusses H1 2012 Results - Earnings Call Transcript

Telefónica, S.A. (TEF)

H1 2012 Earnings Call

July 26, 2012 8:00 am ET

Executives

María García-Legaz Ponce - Head of Investor Relations

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

Ángel Vilá Boix - General Manager of Finance and Corporate Development

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

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

Guillermo Ansaldo Lutz - General Manager of Global Resources

Analysts

Torsten Achtmann - JP Morgan Chase & Co, Research Division

Luigi Minerva - HSBC, Research Division

Georgios Ierodiaconou - Citigroup Inc, Research Division

Mathieu Robilliard - Exane BNP Paribas, Research Division

Timothy Boddy - Goldman Sachs Group Inc., Research Division

Will Milner - Arete Research Services LLP

Sean Johnstone

Paul Marsch - Berenberg Bank, Research Division

James Ratzer - New Street Research LLP

James McKenzie

Luis Prota - Morgan Stanley, Research Division

Frederic Boulan - Nomura Securities Co. Ltd., Research Division

Jonathan Dann - Barclays Capital, Research Division

Stanley Martinez

Jeremy A. Dellis - Jefferies & Company, Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Telefónica's January-June 2012 Results Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded. I would now like to turn the call over to Ms. María García-Legaz, Head of Investor Relations. Please go ahead, madam.

María García-Legaz Ponce

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

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