UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2025
Commission File Number: 001-09531
Telefónica, S.A.
(Translation of registrant's name into English)
Distrito Telefónica, Ronda de la Comunicación s/n,
28050 Madrid, Spain
+34 91-482 87 00
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F | X | Form 40-F | ||||||||||||
Telefónica, S.A.
TABLE OF CONTENTS
| Item | Sequential Page Number | |||||||
| 1. | Telefónica: Agreement for the sale of Colombia Telecomunicaciones | 2 | ||||||
TELEFÓNICA, S.A. (“Telefónica”) in compliance with the Securities Market legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
Telefónica Hispanoamérica, S.A., a wholly owned subsidiary of Telefónica, S.A., has reached an agreement today for the sale to Millicom Spain, S.L. of all the shares it holds in Colombia Telecomunicaciones S.A. E.S.P. BIC, representing 67.5% of its share capital.
The total price for the shares representing the 67.5% of the share capital of Colombia Telecomunicaciones S.A. E.S.P. BIC whose transfer has been agreed, amounts USD 400 million (approximately EUR 368 million at the current exchange rate) and will be subject to the usual price adjustments for this type of transactions.
The closing of the transaction is subject to certain closing conditions, including the relevant regulatory approvals and several agreements with the Nation – Ministry of Finance and Public Credit of the Republic of Colombia and agreements with Empresas Públicas de Medellín E.S.P.
This transaction is part of the Telefónica Group’s asset portfolio management policy and is aligned with its strategy of gradually reducing exposure in Hispanoamerica.
Madrid, March 12, 2025
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Telefónica, S.A. | |||||||||||||||||
| Date: | March 12, 2025 | By: | /s/ Pablo de Carvajal González | ||||||||||||||
| Name: | Pablo de Carvajal González | ||||||||||||||||
| Title: | Secretary to the Board of Directors | ||||||||||||||||