Telefonica SA

Good morning, thank you for standing by and welcome to TelephoneEquals January-June 2025 results conference call. At this time all participants are in a listen-only mode. Later we will conduct a question and answer session. If you'd like to ask a question, please press star followed by 1 1 on your telephone keypad. You will then hear an automatic message advising your hand is raised. To answer your question, please press star 1 1 again. We will kindly ask you to ask a maximum of two questions per participant. As a reminder, today's conference is being recorded. I would now like to turn the call over to Mr. Thorsten Atman, Global Director of Investor Relations. Please go ahead, sir.

Good morning and welcome to

TelephoneEquals conference call to discuss January to June 2025 results. I'm Thorsten Atman from Investor Relations. Before proceeding, let me mention that the financial information contained in this document has been prepared under international financial reporting standards as adopted by the European Union. This financial information is un-audited. This conference call and webcast, including the Q&A session, may contain forward-looking statements and information relating to the TelephoneEqual Group. These statements may include financial or operating forecasts and estimates or statements regarding plans, objectives, and expectations regarding different matters. All forward-looking statements involve risks and uncertainties that could cause the final developments and results to materially differ from those expressed and implied by such statements. We encourage you to review our publicly available disclosure documents filed with the relevant securities market regulators. If you don't have a copy of the relevant press release and the slides, please contact TelephoneEquals Investor Relations team in Madrid or London. Now let me turn the call over to our chairman and chief executive officer, Mr. Mark Murtra.