Common Contracts

Second Supplemental Indenture among Telefónica Emisiones, S.A.U., as Issuer, Telefónica, S.A., as Guarantor and JPMorgan Chase Bank, N.A., as Trustee and Paying Agent June 20, 2006 Fixed Rate Senior Notes due 2011

Telefonica S A • June 20th, 2006 • Telephone communications (no radiotelephone) • New York

• Company
  Telefonica S A
• Filed
  June 20th, 2006
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  New York

This Second Supplemental Indenture, dated as of June 20, 2006, among Telefónica Emisiones, S.A.U., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Issuer”), Telefónica, S.A., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Guarantor”), and JPMorgan Chase Bank, N.A., a national banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”, which term includes any successor Trustee) and paying agent (the “Paying Agent”, which term includes any successor Paying Agent).

Fourth Supplemental Indenture among Telefónica Emisiones, S.A.U., as Issuer, Telefónica, S.A., as Guarantor and JPMorgan Chase Bank, N.A., as Trustee and Paying Agent June 20, 2006 Fixed Rate Senior Notes due 2036

Telefonica S A • June 20th, 2006 • Telephone communications (no radiotelephone) • New York

• Company
  Telefonica S A
• Filed
  June 20th, 2006
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  New York

This Fourth Supplemental Indenture, dated as of June 20, 2006, among Telefónica Emisiones, S.A.U., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Issuer”), Telefónica, S.A., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Guarantor”), and JPMorgan Chase Bank, N.A., a national banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”, which term includes any successor Trustee) and paying agent (the “Paying Agent”, which term includes any successor Paying Agent).

Third Supplemental Indenture

Telefonica S A • June 20th, 2006 • Telephone communications (no radiotelephone) • New York

• Company
  Telefonica S A
• Filed
  June 20th, 2006
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  New York

This Third Supplemental Indenture, dated as of June 20, 2006, among Telefónica Emisiones, S.A.U., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Issuer”), Telefónica, S.A., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Guarantor”), and JPMorgan Chase Bank, N.A., a national banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”, which term includes any successor Trustee) and paying agent (the “Paying Agent”, which term includes any successor Paying Agent).