| Telefonica Moviles, S.A. is a mobile telecommunications company that manages all the Telefonica Group's cellular telephone assets. The Company has a presence in 14 countries and a potential market of 514 million inhabitants. The Company is engaged in the Spanish and Latin American markets, and is carrying out a strategy of selective expansion in Europe and the Mediterranean Basin. Telefonica Moviles' major markets include Venezuela, Chile, Puerto Rico, Portugal, Spain, Brazil and South America, Mexico, Central America and the Caribbean.
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