- Report of Foreign Issuer (6-K)
November 06 2009 - 2:20PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
______________________
FORM
6-K
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For the
month of November, 2009
Telefónica
de Argentina S.A.
(Exact
name of registrant as specified in its charter)
Telefonica of Argentina
Inc.
(Translation
of registrant’s name into English)
Avenida
HUERGO 723
Ground
Floor
(C1107A0H)
Buenos Aires, Argentina
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file
annual
reports under cover of Form 20-F or Form 40-F:
Indicate
by check mark whether the registrant by furnishing the information
contained
in this Form is also thereby furnishing the information to the
Commission
pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
If “Yes”
is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b):
N/A
Telefónica
de Argentina S.A.
TABLE OF
CONTENTS
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1
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Letter
to the Buenos Aires Stock Exchange dated November 6, 2009
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Buenos
Aires, November 6
th
,
2009
To the
President of
Bolsa de
Comercio de Buenos Aires [Buenos Aires Stock Exchange]
By hand
Ref
.:
Information of Section 63 of the Listing Regulation
Dear
Sir,
We
are writing to you in compliance with the provisions of Section No. 63 of the
Listing Regulation in order to report that the Company's Board in the meeting
held on November 5
th
, 2009
approved the financial statements and other documentation corresponding to the
nine-month period ended as of September 30
th
,
2009.
Furthermore,
we hereby report the following data (values denominated in millions of
pesos):
1) Period
Income (Loss)
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-
Ordinary Income (Loss)
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$
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244
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-
Extraordinary Income (Loss)
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$
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-
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2) Breakdown
of Shareholders’ Equity by item and amount:
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Capital Stock (par value)
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$
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698
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-
Integral capital stock adjustment
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$
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1,209
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Legal Reserve
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$
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382
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Reserve for future dividend
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$
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249
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Retained earnings
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$
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244
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-
Total Shareholders’ Equity
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$
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2,782
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The
General Meeting and Special Class A and B Meetings of the Company dated April
20
th
, 2009
resolved, further to the retained earnings of 337 million pesos held as of
December 31
st
, 2008,
to fully allocate them to the Legal Reserve and to reverse 30 million pesos from
the Reserve for Future Dividend and allocate them to the Legal
Reserve.
3)
The table below shows a breakdown of the Company’s capital stock in shares of $
0.10 par value as of September 30
th
,
2009:
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Class
A Common Shares
(1
vote)
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Class
B Common Shares
(1
vote)
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Company’s
Capital Stock (in Shares)
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4,367,388,680
(62.5%
of capital stock)
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2,616,811,616
(37.5%
of capital stock)
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6,984,200,296
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Pursuant
to Section 63, we hereby report the data required by Section 62, subsections o)
and q). The table below shows the number of shares belonging to the majority
shareholder and other shareholders of the Company, which, either directly or
indirectly, belong to TELEFÓNICA, S.A.
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Shareholder
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Address
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Class
A Common Shares
(1
vote)
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Class
B Common Shares
(1
vote)
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Total
Company
Shares
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COMPAÑÍA
INTERNACIONAL DE TELECOMUNICACIONES S.A.
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Av.
Ingeniero Huergo 723, PB
City
of Buenos Aires
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3,599,126,635
(51.53%
of capital stock)
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81,422,560
(1.17%
of capital stock)
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3,680,549,195
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TELEFÓNICA
INTERNACIONAL, S.A.
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Gran
Vía 28, 28013, Madrid, Spain
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-
--------------------
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1,046,890,320
(14.99%
of capital stock)
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1,046,890,320
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TELEFÓNICA
INTERNATIONAL HOLDING BV
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Drentestraat
24, BG, 1083HK, Amsterdam, Holland
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66,171,964
(0.95%
of capital stock)
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66,171,964
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TELEFÓNICA
MÓVILES ARGENTINA S.A. (1)
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Av.
Ingeniero Huergo 723, PB
City
of Buenos Aires
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768,262,045
(11%
of capital stock)
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1,296,324,988
(18.56%
of capital stock)
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2,064,587,033
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(1)
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From 2007 to 2009, Telefónica
Móviles Argentina S.A. purchased American Depository Receipts (“ADRs”),
each of them representing 40 Class B book-entry common shares of the
Company and Class B book-entry shares mainly of companies of Telefónica
Group. Following these purchases
,
which
transfers
were finalized on May
29
th
, 2009, Telefónica Móviles
Argentina S.A. holds 29.56% of the capital stock of the
Company.
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TELEFÓNICA
INTERNACIONAL S.A. (TISA), a company organized in Spain, holds 99.99% and 12.7%
of the shares of the local companies Telefónica Holding de Argentina S.A. and
Compañía Internacional de Telecomunicaciones S.A., respectively.
Telefónica
Holding de Argentina S.A. holds 50% of the shares of Compañía Internacional de
Telecomunicaciones S.A.
The Dutch
company Telefónica International Holding B.V. holds 37.3% of the shares of
Compañía Internacional de Telecomunicaciones S.A.
Telefónica
Móviles de Argentina Holding S.A. holds 84.595% of the shares of Telefónica
Móviles Argentina S.A.
The
following table shows the number of shares that do not belong to any shareholder
or controlling group of the Company at the issue date of the financial
statements at September 30
th
,
2009.
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Shareholder
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Class
A Common Shares
(1
vote)
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Class
B Common Shares
(1
vote)
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Total
Shares
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%
of Company’s Capital Stock
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Public
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----------------
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(1)
126,001,784
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126,001,784
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1.80
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(1)
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Representing
4.8% of outstdanding Class B Common
Shares.
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On June
23
rd
, 2009,
the Company was served notice by indirect shareholder TELEFÓNICA S.A. (“TSA”)
whereby, and in view of the warning received from a minority shareholder, it
intended to buy all the remaining capital stock held by minority shareholders
pursuant to the provisions of Decree No. 677/01, which information was reported
to the CNV on that same day. By virtue of the provisions of section 28 of the
above Decree, the Company will carry out the relevant dealings for the purchase
of the remaining publicly held shares. On July 7
th
, 2009,
the Company’s Board and Audit Committee opined on the price offered by TSA of
$1.00 per Class B share of $0.10 par value. The Company’s Statutory Committee
made a statement on that same day about the adequacy of the relevant process to
the applicable rules.
Best
regards,
SIGNATURE
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.
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Telefónica
de Argentina S.A.
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Date:
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November
6, 2009
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By:
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/s/
Pablo Luis Llauró
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Name:
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Pablo
Luis Llauró
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Title:
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Assistant
General Counsel
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