FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


Report of Foreign Private Issuer


Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934


 


For the month of May, 2007

Commission File Number: 001-09531


 

Telefónica, S.A.



(Translation of registrant’s name into English)

Gran Vía, 28


28013 Madrid, Spain

3491-459-3050


(Address of principal executive offices)

 


Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:



  
    
Form 20-F 
    
X
    
    
Form 40-F 
    
  



Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): 



  
    
Yes 
    
X
    
    
No
    
  



Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): 



  
    
Yes 
    
    
    
No
    
X
  



Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:



  
    
Yes 
    
    
    
No
    
X
  



If "Yes" is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b): N/A



 

 

 

Telefónica, S.A.



 


TABLE OF CONTENTS


 



  
    
Item
    
    
Sequential Page Number
  
  
    
    
    
  
  
    
1.
    Presentation on Quarterly Results of Telefónica Group: January- March
    2007
    31
  
  
    
    
    
  
  
    
    
    
  

 
 
 
 
 




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 





 
SIGNATURES

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.


  
     
     
    Telefónica, S.A.
  
  
    Date:
    May 16th, 2007
     
    By:
    /s/ Santiago Fernández Valbuena
  
  
     
     
     
     
    Name:
    Santiago Fernández Valbuena
  
  
     
     
     
     
    Title:
    Chief Financial Officer