Form 6-K

 

FORM 6-K

 


 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

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

under the Securities Exchange Act of 1934

 

October 15, 2004

 

Commission File Number [            ]

 


 

Telefónica Móviles, S.A.

(Exact name of registrant as specified in its charter)

 

Telefónica Mobile, Inc.

(Translation of registrant’s name into English)

 


 

Goya, 24

28001 Madrid, Spain 3491-423-4004

(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:  ¨        No:  x

 

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): 82-            

 

Enclosures: Telefónica Móviles submits Presentation regarding the acquisition of BellSouth’s cellular operators in

Ecuador, Guatemala and Panama.

 



LOGO

 

Acquisition of BS wireless properties in Latin America: Back –up information

October 14 2004


LOGO

 

Back –up information

The Ecuadorian wireless market

Population

13.2 MM inhabitants (2003)

GDP per capita

2,180US$ (2003)

Competitors

Porta Conecel (controlled by AMX). Started operations in Dec.93. Uses AMPS, TDMA-800 & GSM-800

Telecsa-Alegro (50% Pacifictel; 50% Andinatel) Started operations in Dec. 2003 Uses CDMA-1900

OTECEL

Shareholders: TEM (100%)

Consolidation method: Full consolidation Started operations in June 94.

Uses AMPS, TDMA-800 & CDMA-800

Key operating and financial metrics

  

2003(1)

   

1H04(2)

 

Total market wireless penetration (E)

  

18

%

     

Wireless customers (000)

  

816

 

 

1,041

 

Contract (%)

  

25

%

 

21

%

Prepaid (%)

  

75

%

 

79

%

Net adds (000)

  

187

 

 

225

 

Figures in US$ (MM)

            

Operating revenues

  

293

 

 

152

 

Service revenues

  

262

 

 

140

 

Handset sales

  

31

 

 

12

 

EBITDA (Operating income+D&A)

  

91

 

 

37

 

EBITDA margin

  

31

%

 

24

%

Capex

  

39

 

 

9

 

EBITDA-Capex

  

52

 

 

28

 

Telefónica Móviles, S.A.

1 Fiscal year ended on November 30th, 2003.

2 First half ended on May 31st, 2004.

2


LOGO

 

Back –up information

The Panamanian wireless market

Population

3.1 MM inhabitants (2003)

GDP per capita

3,906US$ (2003)

Competitors

Cable &Wireless (49% C&W; 49% State of Panama; 2% others). Started operations in Jan. 98 Uses TDMA-800 & GSM-800

Bell South Panama

Shareholders: TEM* (43.7%); Multiholding* (56.3%) Consolidation method: Full consolidation Started operations in June 96 Uses TDMA-800 & CDMA-800

Key operating and financial metrics

       

2003(1)

   

1H04(2)

 

Total market wireless penetration (E)

       

27

%

       

Wireless customers (000)

       

420.3

 

 

 

502.9

 

Contract (%)

       

11

%

 

 

11

%

Prepaid (%)

       

89

%

 

 

89

%

Net adds (000)

       

85.6

 

 

 

82.6

 

Figures in US$ (MM)

                   

Operating revenues

       

129

 

 

 

73

 

Service revenues

       

123

 

 

 

68

 

Handset sales

       

7

 

 

 

5

 

EBITDA (Operating income+D&A)

       

74

 

 

 

35

 

EBITDA margin

       

57

%

 

 

49

%

Capex

       

5

 

 

 

3

 

EBITDA-Capex

       

69

 

 

 

32

 

Exchange rate applied:

  

1US$=
1Balboa

 
 

 

1US$
 

=
1Balboa

 
 

* TEM to increase its stake to 100% in the short term.

1 Fiscal year ended on November 30th, 2003.

2 First half ended on May 31st, 2004.

3


LOGO

 

The Guatemalan wireless market

Population

11.5 MM inhabitants (2003)

GDP per capita

1,930US$ (2003)

Competitors

TEM

Sercom/PCS (controlled by AMX).

Started operations in Nov. 98. Uses CDMA, GSM

Comcell (controlled by Millicom).

Started operations in Sep. 90. Uses TDMA, GSM

Bell South Guatemala

Shareholders: TEM* (60%); Multiholding* (40%) Consolidation method: Full consolidation Started operations in Oct 2000.

Uses CDMA-1900

Key operating and financial metrics

       

2003(1)

   

1H04(2)

 

Total market wireless penetration (E)

       

16

%

       

Wireless customers (000)

       

252.3

 

 

 

329.0

 

Contract (%)

       

34

%

 

 

37

%

Prepaid (%)

       

66

%

 

 

63

%

Net adds (000)

       

59.5

 

 

 

76.8

 

Figures in US$ (MM)

                   

Operating revenues

       

60

 

 

 

40

 

Service revenues

       

53

 

 

 

35

 

Handset sales

       

7

 

 

 

5

 

EBITDA (Operating income+D&A)

       

15

 

 

 

7

 

EBITDA margin

       

24

%

 

 

18

%

Capex

       

17

 

 

 

5

 

EBITDA-Capex

       

-3

 

 

 

2

 

Exchange rate applied:

  

1US$=
8.1Quetzales

 
 

 

1US$
 

=7.9
Quetzales

 
 

Combined figures (TEM Guatemala + BS Guatemala)

                   

Wireless customers (000)

       

409

 

 

 

567

 

* TEM to increase its stake to 100% in the short term.

1 Fiscal year ended on November 30th, 2003.

2 First half ended on May 31st, 2004.

4


LOGO

 

Telefonica

Moviles


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 Móviles, S.A.

Date: October 15, 2004

 

By:

 

/s/ Antonio Hornedo Muguiro


   

Name:

 

Antonio Hornedo Muguiro

   

Title:

 

General Counsel