www.telefonicamoviles.com

Javier Aguilera, CEO of Telefnica Mviles Espaa (TME), and Ignacio Camarero, Executive Director of Operations, today presented 'Oficin@ MoviStar UMTS', the first pre-commercial UMTS service to be publicly launched by a wireless operator in Spain, along with the company's plans for its 3G project for the next few months.

Telefnica Mviles will distribute the first UMTS PCMCIA cards to its corporate customers, enabling them to access all UMTS 'Oficina MoviStar' data services (internet, intranet and e-mail) from a laptop PC at speeds of up to 384 kbit/s - even faster than standard ADSL lines.

These cards will be given out to corporate customers and institutions in various sectors (banking, insurance, autos, etc.) located in specific areas of the 40 cities where Telefnica Mviles currently has UMTS coverage.

In this way, Telefnica Mviles meets the strategic commitment made with the Spanish government last December, whereby the pre-commercial launch of the first UMTS service was set for the last quarter of 2003 and the commercial launch of 3G services was scheduled to begin in 2004, subject to handset availability.

Telefnica Mviles Espaa also plans to invest around Euro 1 billion in 3G infrastructure between 2003-2006. The company's target is to have coverage in the 52 provincial capitals of Spain by the end of this year and between 7,000 and 8,000 UMTS base stations in 2005.