Previous Annual Reports

1995 Annual Report

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• Signicant variables

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• Letter from the Chairman

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• From Telefónica de España to the Telefónica Group

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• Basic Telephony

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• International Communications

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• Mobile Communications

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• International Businesses

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• Data Transmission

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• Public Telecommunications

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• Multimedia Services

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• Advertising and Information

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• Financial review

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• Shareholder information

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• Management

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• Highlights

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