Previous Annual Reports

1993 Annual Report

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• Highlights

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• Letter from the Chairman

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• A Commitment to Society

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• Telephone Service

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• Network Development and Modernization

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• Business Communications and Mobile Services

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• Research and Development

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• Telefónica International Activity

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• The Telefónica Group

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• Human Resources

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• Financial Review

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• Shareholder's Information

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• Management

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• A Short History

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• Chronology

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