Individual investors may only invest in shares of Telefónica S.A. through legally authorised financial intermediaries. Ensure that the intermediary that carries out your investment orders is registered in the National Securities Market Commission (Comisión Nacional del Mercado de Valores) (CNMV) or the Bank of Spain (Banco de España) and is authorised to offer and carry out investment services in Spain.
What expenses/commissions do I have to pay for my investments?
Transactions in stock markets involve certain expenses and commissions for the purchase and sale of securities and there are also custody, administration and management commissions for their deposit. In Spain, the maximum rates applied by legally established intermediaries are public. Find out about these maximum rates, which must be set out in a brochure as a prerequisite for their application.
Has Telefonica conducted any split or counter-split?
The General Shareholders' Meeting held on 26th March 1999 approved the split of the shares comprising the Company's share capital by dividing each share into three and adjusting the shares nominal value to one euro. The split was carried out at midnight on 23rd July 1999, with each shareholder receiving three new shares of one euro nominal value for each old share. No counter-split has been performed.
Where can I obtain information on Telefónica's ADRs?
An ADR (American Depositary Receipt) is a U.S. negotiable certificate representing the ownership of shares of a company incorporated outside the USA. ADRs are listed and traded in U.S. dollars on the U.S. stock exchange.
You can find all the information about the ADR programme at the following link:
The Espacio aspires to become a key centre for Madrid’s cultural offering: exhibitions, concerts, events, activities and workshops aimed at adults, young people and children, spread over four exhibition rooms, auditorium fully equipped with all the latest technology.
Museo Nacional del Prado, is the main Spanish national art museum, located in central Madrid. It is widely considered to have one of the world's finest collections of European art, dating from the 12th century to the early 20th century, based on the former Spanish Royal Collection, and the single best collection of Spanish art.
Barcelona's opera house, the Gran Teatre del Liceu, was founded on the Rambla in 1847 and has continued over the years to fulfil its role as a culture and arts centre and one of the symbols of the city.
When the Museo Nacional Centro de Arte Reina Sofía opened its doors in 1990, it stood as a modern, contemporary Spanish museum on an international scale. Nevertheless, its building has gone through many challenges in order to achieve this goal.
The mailbox of the Shareholders Office will only respond to questions from Shareholders & Investors about Telefónica. Please note that this mailbox is not a valid recipient for notification purposes and no other queries will be addressed. The mailbox is attended Monday to Friday from 9.00 to 18.00 (CET), excluding local bank holidays.
Disclosure, communication and contact Policy for shareholders