Telefónica Connects to MoreMagic Solutions International Roaming Recharge Global Hub

Telefónica, one of the world's leaders in the telecommunications sector, and MoreMagic Solutions, a leading mobile transactions provider, announced today that U.S. friends and family of Telefónica customers are now able to recharge Telefónica mobile phones throughout Latin America, using MoreMagic Solutions International Roaming Recharge Global Hub. Telefónica operates in twelve Latin American countries under the Movistar brand. From hundreds of thousands of retail locations, or the web - www.etopuponline.com, a customer can send a gift of prepaid airtime to a Movistar mobile phone.

MoreMagic Solutions International Roaming Recharge Global Hub leverages an extensive network of hundreds of thousands of retail locations in the United States, where the service is available for customers who have connections with Movistar customers in Colombia, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, and Peru.

"Movistar customers are asking friends and family throughout the world to help them stay connected in a cost-effective and convenient way, and we are pleased to work with MoreMagic Solutions to meet their needs." said Jaime Grau, Transactional Services Director at Telefónica Latinoamérica. "In communities throughout the United States, customers can purchase a gift of airtime at their neighborhood convenience store, and the Movistar mobile phone back home is immediately credited."

"Telefónica is once again demonstrating its market leadership by extending its Movistar service offerings beyond country boundaries," said Pankaj Gulati, chairman and CEO, MoreMagic Solutions. "We are pleased to work with Telefónica to reach friends and family who have moved or travelled to another country, yet still rely on phone calls from home to stay in touch."

Telefónica

Telefónica is one of the world's largest telecommunications operators, offering fixed and mobile telephony, while its broadband business is the key growth driver underpinning both. It operates in 25 countries and has a global customer base of 264 million. Telefónica's growth strategy is focused on the markets in which it has a strong foothold: Spain, Europe, and Latin America. Telefónica investors include more than 1.5 million direct shareholders.

Telefónica Latinoamérica offers fixed, mobile and broadband services in Latin America, achieving a presence in all of the key Latin American markets: Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Peru, Uruguay, and Venezuela.

MoreMagic Solutions

With deployments in more than 50 countries worldwide, MoreMagic Solutions offers payment solutions for mobile operators, financial institutions, content providers, and distributors, enabling consumers to purchase goods and services on demand using a mobile phone, POS, or web. MoreMagic Solutions International Roaming Recharge Global Hub offers connectivity worldwide to deliver revenue-generating services, both domestic and international, including mobile recharge, minute transfer, mobile money transfer, mobile banking, bill payment; and mobile commerce; with integration into diverse network environments, languages, and currencies.

Contacts

Freddy Cantor Casallas
Telefónica
freddy.cantor@telefonica.com
www.telefonica.com

Carol J. Meier
MoreMagic Solutions
cjmeier@moremagic.com
www.moremagic.com