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Content analysis
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New words:
Abasolo, absorption, Acceso, accuracy, ACEK, Aceralia, AEF, aggressive, air, analytical, anymore, appraising, Arcelor, arguing, assesment, assignee, Audiencia, Aura, Autoridad, bailout, Baquedano, Barranquilla, behavior, Berkeley, Bernardo, bigger, biggest, Blanco, BRF, broader, broken, Bucaramanga, Bundesbank, buttressed, CAGR, Caride, Carmen, Carvajal, catch, cent, CEPR, certainty, CIC, clock, Cloudphone, Codification, cohabitating, complementarity, complicated, conceived, conclusion, consigned, constitutionality, Consumo, controversial, Costero, CriteriaCaixa, crucial, deferral, demonstrate, detracted, Diciembre, DIPRO, Dipsa, Dominion, door, eCare, ecosystem, EECC, Elcano, elevated, Emilio, empleo, encompassing, Endeavor, Escondida, Espectro, expedient, expertise, Factory, FBB, FEDEA, Fellow, Feria, finalised, flight, friendly, fungible, FWA, Gayo, geoblocking, Gestamp, GmbG, Gonvarri, Goverment, Greek, Gual, guard, handled, harnessed, hate, Hispam, HM, Huarte, Iberbanda, IFEMA, IIF, immersed, inadmissibility, Industria, Instituci, intrusion, IRO, Jordi, Jose, labour, Ladwell, Lain, Laura, layer, left, Leopold, lifetime, log, loose, Lybrand, Machicot, magnitude, markedly, Marta, mathematical, Mera, metadata, meteorological, Metropolitana, metrotel, mildly, MinTIC, misstep, motion, multicurrency, NAFTA, namensschuldverschreibung, Norwegian, Novia, Novum, OHL, OpCF, OPEC, Optecom, ORLA, outdated, outlow, Palacio, Parque, payer, PCAOB, PEA, pence, planet, playing, pollution, Pontifical, por, pp, precaution, prejudicial, priori, promised, properly, Proprietary, Proyecto, PwC, Quinn, realm, reassessing, rebalancing, recalculate, recharge, Regading, regimen, rejoinder, rejoined, reopening, repeating, Retributive, RLAH, rotation, RPI, RTVE, Salcedo, segregation, seventeen, shopping, shrunk, simulcasting, sixteen, SL, slowest, soared, SOX, speech, Startup, sued, supposed, supposing, Switzerland, synthetic, TASA, TBG, TdP, Telebucaramanga, temporarily, tentatively, Tietar, Tomillo, tranfer, Treasurer, trilogue, tutela, unaltered, unavoidable, unbilled, unclear, unconstitutionality, unjustified, unlimited, unpaid, Unrealised, unstable, unsuitable, uptrend, USD, vanishing, VEF, Veracruz, VHCN, violence, water, watering, Welfare, wifi, Xavier, Yacom, YoY
Removed:
abovementioned, absorbed, accepting, Almansa, Americano, Andalusia, ANIK, ANR, answered, arm, ASP, Assicurazioni, Assistant, Autema, automatically, Aventura, Baqueira, basin, Beach, bearing, Beret, Boursorama, BPI, bridge, broadcast, BsF, caption, cease, Cecabank, CENCOEX, Centro, CIADI, collared, Colomer, Colonial, concentrated, Conselho, contextual, Contrato, contributor, Cortefiel, coupled, dependence, differential, disconnection, Domestically, embarked, employed, ending, Entertainment, Environnement, Escuela, explore, Exterior, featured, Ferrari, fierce, fifteen, formulated, founded, French, fuerte, Fusion, Generali, Gestion, GmbHCo, Golf, grace, GTM, Hacienda, harmonized, Herrero, Hispano, HK, horizontal, IAG, Industrielle, influx, initiation, installment, Intesa, Investimento, IPC, Italian, ka, larger, Lastly, lodged, Ltda, Mediobanca, Mediterranean, memorial, Mercantil, migrating, mind, Nationale, negotiating, oblige, observed, Occidental, OIR, outsourced, overhead, owing, Pago, PGMU, Pontificia, popular, Port, postponed, practically, PRISA, Promotora, reallocation, redacted, reinforced, Remittance, repositioning, resilient, retain, rolled, round, Sanpaolo, Santiago, SAREB, save, Secretariat, sectorial, sharp, SICAD, Sistel, slack, South, spending, Steering, teaching, TeleSudeste, Temporal, Tempotel, terminate, thereon, thirty, tightening, TMCH, Trabajo, Transportation, transverse, ultra, underperformance, unqualified, updating, Urquijo, utilized, Valbuena, viability, Visa, weighed, WILDBLUE, winning, Xfera, Xiaobing
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Exhibit 15.1
Exhibit 15.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in the Registration Statement on Form F-3 (No. 333-204118) of Telefónica, S.A. of our report dated February 22, 2018 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in this Form 20‑F.
/s/ PricewaterhouseCoopers Auditores, S.L.
Madrid, Spain
February 22, 2018
PricewaterhouseCoopers Auditores, S.L., Torre PwC, Pº de la Castellana 259 B, 28046 Madrid, España
Tel.: +34 915 684 400 / +34 902 021 111, Fax: +34 915 685 400, www.pwc.es
R. M. Madrid, hoja 87.250-1, folio 75, tomo 9.267, libro 8.054, sección 3ª
Inscrita en el R.O.A.C. con el número S0242 - CIF: B-79 031290