Earnings Call Excerpt
Telefónica S.A. (TEF)
Q1 2006 Earnings Conference Call
May 12th 2006, 10:00 AM.
Executives:
Ezequiel Nieto, Head of Investor Relations
Santiago Fernandez Valbuena, Chief Financial Officer
Peter Erskine, Chairman and CEO of O2
Analysts:
Luis Prota, Morgan Stanley
David Wright, JP Morgan
Robert Grindle, Dresdner Kleinwort Wasserstein
Brian Rusling, Cazenove
Terence Sinclair, Citigroup
Bosco Ojeda, UBS Warburg
Maria Rotondo, Grupo Santander
John Karidis, Man Securities
Mark Cardwell, Sandford C. Bernstein & Co.
Jonathan Dann, Bear Stearns & Co.
Jesus Romero, Merrill Lynch
Presentation
Operator
Welcome to the Telefónica Conference Call. Operator Instructions. I would now like to hand over to the chairperson, Mr. Ezequiel Nieto. Please start your meeting, and I will be standing by.
Ezequiel Nieto, Head of Investor Relations
Thank you, good afternoon, ladies and gentlemen and welcome to Telefónica’s conference call to discuss 2006 first quarter results. I’m Ezequiel Nieto, Head of Investor Relations. Before proceeding, let me mention that this document contains financial information and data reported under IFRS.
The financial information contained in this document has been prepared under the International Financial Reporting Standards. This financial information is unaudited and, therefore, is subject to potential future modifications. This presentation may contain announcements and constitute forward-looking statements, which are not guarantees of future performance and involve risks and uncertainties. And actual results may differ materially from those in the forward-looking statements as a result of various factors.
We invite you to read the complete disclaimer enclosed in the first page of this presentation, which you will find in our website. I encourage you to review our publicly available disclosure documents filed with the relevant securities markets regulators.
If you do not have a copy of the relevant press release and the slides, please contact Telefónica’s Investor Relations team in Madrid by dialing the following telephone number: 3491-584-4713. Now, let me turn the call over to our Chief Financial Officer, Mr. Santiago Fernandez Valbuena, who will be leading this call.
Santiago Fernandez Valbuena, Chief Financial Officer
Thank you, Ezequiel. Good afternoon, ladies and gentlemen, and thank you all for attending Telefónica’s 2006 first quarter results conference call. As it is customary in all our calls, you will have the opportunity to ask questions directly to our members of the Executive Committee during the Q&A session, as I have today here with me Julio Linares, our General Manager for Coordination, Business Development and Synergies; Jose Maria Alvarez-Pallete, our Head of Wireline in Latin America; Luis Lada, the Chairman of Telefónica Espana; Antonio Viana, Chairman of Telefónica Móviles; and Peter Erskine, who is the Head of O2 who is connected from London.
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