Previous Annual Reports
1998 Annual Report
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1998 Annual Report
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Signicant variables
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Letter from the Chairman
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The year of total liberalization
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New companies for data and interactive communications
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Telefónica in Spain
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Modernization of the network
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Telefónica Móviles outdistances its competitors
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Data TransmissionConsolidation and expansion of audiovisual services
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Telefónica I+D: competitiveness, differentiation and foresight
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Telefónica International, Latin American Leader
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Business opportunities in Europe and the Mediterranean
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Advanced Purchasing Systems
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The Millennium and Euro corporate projects
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European Regional Programs
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Telefónica, leader in solidarity
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Annual Accounts and Management Report
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Financial Exhibits and Shareholder Information
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Management
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Highlights
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[PDF 38.2 MB]