Airtime for Movistar Phones in Colombia, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Peru, and Uruguay Sold through U.S. Distribution and etopuponline.com

Madrid, Spain; Newton, MA, US; GSM Mobile World Congress, Barcelona, Spain - February 15, 2010

Telefónica, one of the world’s leaders in the telecommunications sector, and MoreMagic Solutions, a leading mobile solutions provider, announced today that U.S. friends and family of Telefónica customers are now able to recharge Movistar mobile phones throughout Latin America, with recharge services delivered via MoreMagic Solutions International Recharge Hub. Telefónica operates twelve Latin American countries under the Movistar brand. From hundreds of thousands of retail locations, or the web - www.etopuponline.com, a customer can send a gift of prepaid airtime to a Movistar mobile phone.

MoreMagic Solutions International Recharge Hub leverages an extensive network of hundreds of thousands of retail locations in the United States, where customers can send airtime to Movistar customers in Colombia, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Peru, and Uruguay.

“Movistar customers are asking friends and family throughout the world to help them stay connected in a cost-effective and convenient way, and we are pleased to work with MoreMagic Solutions to meet their needs,” said Jaime Grau, Transactional Services Director at Telefónica Latinoamérica. “In communities throughout the United States, customers can purchase a gift of airtime at their neighborhood convenience store, or via the internet at etopuponline.com, and the Movistar mobile phone back home is immediately credited.”

“With our agreement with Telefónica, MoreMagic Solutions is pleased to give Latin Americans living in the United States the opportunity to send a gift of airtime to Movistar mobile phones in so many countries,” said Pankaj Gulati, chairman and CEO, MoreMagic Solutions. “MoreMagic Solutions has made international recharges available on virtually every street corner in the United States, or via the internet at etopuponline.com, making it easy and convenient for members of the Latin American communities in the United States to stay connected.”

Telefónia

Telefónica is one of the world’s largest telecommunications operators, offering fixed and mobile telephony, while its broadband business is the key growth driver underpinning both. It operates in 25 countries and has a global customer base of 268 million. Telefónica’s growth strategy is focused on the markets in which it has a strong foothold: Spain, Europe, and Latin America. Telefónica Latinoamérica offers fixed, mobile and broadband services in Latin America, achieving a presence in all of the key Latin American markets.

MoreMagic Solutions

With deployments in more than 50 countries worldwide, MoreMagic Solutions offers payment solutions for mobile operators, financial institutions, content providers, and distributors, enabling consumers to purchase goods and services on demand using a mobile phone, POS, or web. MoreMagic Solutions International Recharge Hub offers connectivity worldwide to deliver revenue-generating services, both domestic and international, including mobile recharge, minute transfer, mobile money transfer, mobile banking, bill payment; and mobile commerce; with integration into diverse network environments, languages, and currencies.

Contacts

Freddy Cantor Casallas
Telefónica
freddy.cantor@telefonica.com
www.telefonica.com

Carol J. Meier
MoreMagic Solutions
+1 617-244-1598 x128
cjmeier@moremagic.com
www.moremagic.com