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Telefonica and Verizon Customers Can Now Meet Virtually Face-to-Face

New Agreement Offers Intercompany Cisco TelePresence Meetings for Greater Visual Collaboration

News Release

NEW YORK and MADRID – October 3, 2012 –

October 3, 2012- To meet the growing demand for video meetings,  Telefonica Global Solutions and Verizon Enterprise Solutions have joined forces so that Verizon Immersive Video Exchange and Telefonica Global Telepresence Exchange customers can collaborate via Cisco TelePresence. Now, businesses and government agencies using either company's video meeting system can expand their "collaboration pool," and meet face-to-face across more video-enabled locations worldwide for greater productivity and business efficiency.

Telepresence replicates face-to-face interactions so realistically that it feels as though everyone is in the same room - even though the participants may be thousands of miles apart. Through this interprovider solution, enterprises already using Cisco TelePresence provided by either Telefonica or Verizon can hold real-time video meetings with one another in a highly secure, consistent and transparent manner.

Telepresence enables businesses to benefit from easy remote collaboration, helping to achieve quicker decision-making and issue resolution, build stronger relationships, and make more efficient use of limited resources. By expanding the telepresence community, these advantages can be extended beyond internal collaboration and decision-making to facilitate all aspects of external business communications throughout all of the company's stakeholder relations.

Juan Carlos Lopez Vives, president of Telefonica Global Solutions, said: "We are committed to helping our customers take full advantage of the business benefits of real-time, virtual meetings through telepresence video collaboration. This agreement expands the potential of telepresence for customers of both providers, helping them with cost optimization, as well as to reduce their carbon footprint and improve productivity, while also fostering a more collaborative business culture."

Martin Burvill, senior vice president of global operations for Verizon Enterprise Solutions, said:  "Video is becoming the international language of business, helping to drive greater productivity and value across traditional network and business boundaries. Our agreement with Telefonica is yet another step toward the establishment of an open and rich video-collaboration ecosystem, which helps our customers maximize returns from their telepresence investments.

Telefonica now has telepresence interoperability agreements with Orange, Cisco, TATA, Verizon and Telecom Italia. Verizon now has telepresence interoperability agreements with BT, Cisco, Orange, Tata and Telefonica, as well as an Open Video Communications offering that links video systems that were previously incompatible.

About Telefonica
Telefónica is one of the largest telecommunications companies in the world in terms of market capitalisation and number of customers. From this outstanding position in the industry, and with its mobile, fixed and broadband businesses as the key drivers of its growth, Telefónica has focused its strategy on becoming a leading company in the digital world. The company has a significant presence in 25 countries and a customer base that amounts close to 312 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy. Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4.551.024.586 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, New York, Lima, and Buenos Aires.

Telefonica Global Solutions manages globally the multinational, wholesale and roaming business within the Telefonica Group under 3 commercial denominations Telefonica Multinational Solutions, Telefonica International Wholesale Services and Telefonica Global Roaming. Global Solutions delivers integrated fixed, mobile and IT services to some of the world's top multinationals and corporations. It also provides global telecommunication services for fixed and mobile carriers, ISPs and content providers. Telefonica Global Solutions develops an integrated and competitive portfolio for carriers and corporations that include international voice, IP, bandwidth capacity, satellite services, mobility and global solutions. Global Solutions is a multicultural organisation, with more than 1400 employees, working in over 40 countries and speaking more than 15 languages.

About Verizon Enterprise Solutions
Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward. With industry-specific solutions and a full range of global wholesale offerings delivered over the company's secure mobility, cloud, strategic networking and advanced communications platforms, Verizon Enterprise Solutions helps open new opportunities around the world for innovation, investment and business transformation. Visit verizon.com/enterprise to learn more.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with more than 94 million retail customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of more than 188,000.  For more information, visit www.verizon.com.

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Media Contact:

Rafael Serrano, Telefonica Global Solutions, Corporate Communications, +44 (0)1753565711 
Jo Perrin,Verizon, Corporate Communications, +44 118 905 2251
Debbie Lewis, Verizon, Corporate Communications, Tel: +1 215-466-6872

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