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Telefonica, S.A. (Telefonica) together with its subsidiaries and investees (Telefonica Group), operates mainly in the telecommunications, media and entertainment industries. The Telefonica Group is also involved in the media and contact center activities through investments in Telefonica de Contenidos and Atento. The Company operates through three segments: Telefonica Spain, Telefonica Europe and Telefonica Latin America. Telefonica Spain oversees the wireline and wireless telephony, broadband and data businesses in Spain. Telefonica Latin America oversees the same businesses in Latin America. Telefonica Europe oversees the wireline, wireless, broadband and data businesses in the United Kingdom, Germany, the Isle of Man, Ireland, the Czech Republic and the Slovak Republic. In July 2006, the Company completed the sale of 59.90% of Telefonica Publicidad e Informacion, S.A. to Yell Group plc.In July 2007, the Company sold its 99.7% stake in ENDEMOL INVESTMENT HOLDING BV.