Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For the
month of July, 2009
Telefónica
de Argentina S.A.
(Exact
name of registrant as specified in its charter)
Telefonica of Argentina
Inc.
(Translation
of registrant’s name into English)
Avenida
HUERGO 723
Ground
Floor
(C1107A0H)
Buenos Aires, Argentina
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file
annual
reports under cover of Form 20-F or Form 40-F:
Indicate
by check mark whether the registrant by furnishing the information
contained
in this Form is also thereby furnishing the information to the
Commission
pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
If “Yes”
is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b):
N/A
Telefónica
de Argentina S.A.
TABLE OF
CONTENTS
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1
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Letter
to the Buenos Aires Stock Exchange dated July 7, 2009 regarding the
repurchase of residual shareholding in Telefónica de Argentina
S.A.
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Item 1
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Telefónica
de Argentina S.A.
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Buenos
Aires, July 7
th
,
2009
Messrs.
Bolsa
de Comercio de Buenos Aires [Buenos Aires Stock Exchange]
Ref
.:
Repurchase of Residual Shareholding in Telefónica de Argentina
S.A.
Dear
Sirs,
I am writing to you on
behalf of Telefónica de Argentina S.A., domiciled at Avenida Ingeniero Huergo
723, ground floor, City of Buenos Aires in compliance with the provisions of
section 23 of the Buenos Aires Stock Exchange Listing
Regulation.
Further to the above,
please be advised that today the Company’s Board and Audit Committee have
assessed that the price of $ 1 per share of $ 0.10 face value offered by
Telefónica S.A. is reasonable.
Yours
sincerely
,
SIGNATURE
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.
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Telefónica
de Argentina S.A.
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Date:
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July
7, 2009
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By:
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/s/
Pablo Luis Llauró
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Name:
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Pablo
Luis Llauró
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Title:
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Assistant
General Counsel
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