Telefonica de Argentina to Terminate SEC Reporting Obligations After Repayment in Full of its 9.125% Senior Notes due November 2010 (CUSIP No. 879378AJ6)

BUENOS AIRES, Argentina, Nov. 8, 2010 /PRNewswire/ -- Telefonica de Argentina S.A. ("TASA") today repaid in full its 9.125% Senior Notes due November 2010 (CUSIP No. 879378AJ6).  As a result, TASA's only securities outstanding are the 8.850% Senior Notes due August 2011 (CUSIP No. 879378AK3) (the "2011 Notes").  The 2011 Notes were delisted from the New York Stock Exchange and withdrawn from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "1934 Act") in September 2010.

TASA intends to terminate its duty to file reports with the Securities and Exchange Commission (the "SEC") under the 1934 Act soon hereafter by filing Form 15F with the SEC upon the completion of all required legal steps.

TASA is required to make available certain English-language information pursuant to the indenture governing the 2011 Notes and TASA will also make such information available to bondholders through its corporate website (http://www.telefonica.com.ar/).

SOURCE Telefonica de Argentina