Telefónica Initiates Voluntary Deregistration from SEC and NYSE Delisting Process

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This filing confirms Telefónica's formal steps to exit the U.S. public markets by filing Forms 15F to suspend SEC reporting obligations and delist its American Depositary Shares (ADS) and certain debt securities from the NYSE. This move significantly reduces the company's visibility and accessibility for U.S. investors, potentially impacting liquidity for U.S. holders. While the company will continue to report under International Financial Reporting Standards (IFRS), the absence of SEC oversight and NYSE listing is generally perceived as a negative for U.S. market participants.

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• Initiates Deregistration

  Telefónica, S.A. and two wholly-owned subsidiaries filed Forms 15F with the SEC to immediately suspend reporting obligations under the U.S. Securities Exchange Act of 1934.

• NYSE Delisting Follow-Up

  This action follows the previously announced intention to delist American Depositary Shares and certain debt securities from the New York Stock Exchange.

• Expected Effective Date

  The deregistration and termination of reporting obligations are expected to become effective 90 days after the Forms 15F filing, unless the SEC objects.

• Continued IFRS Reporting

  Telefónica will continue to prepare its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS).

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This filing confirms Telefónica's formal steps to exit the U.S. public markets by filing Forms 15F to suspend SEC reporting obligations and delist its American Depositary Shares (ADS) and certain debt securities from the NYSE. This move significantly reduces the company's visibility and accessibility for U.S. investors, potentially impacting liquidity for U.S. holders. While the company will continue to report under International Financial Reporting Standards (IFRS), the absence of SEC oversight and NYSE listing is generally perceived as a negative for U.S. market participants.