MADRID and WASHINGTON, D.C., – May 4, 2016 – Both companies issued the following statement:

Telefónica (IBEX: TEF) and Cogent Communications (Nasdaq: CCOI) today announced they have entered into a long-term, bilateral interconnection agreement for their public IP networks. This agreement allows the exchange of Internet traffic in a balanced, scalable and mutually economical manner to accommodate the growing use of the Internet.