SECURITIES AND EXCHANGE COMMISSION
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 December, 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:

Form 20-F
X
 
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:

Yes
   
No
X

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


Item
 
1
Letter to the Buenos Aires Stock Exchange dated December 7, 2009 regarding Agreements entered with related parties, Section 73, Law 17,811 (under Decree No. 677/01)
 
 


 
Telefónica de Argentina S.A.
 
 

Buenos Aires, December 7 th , 2009



To
Comisión Nacional de Valores [National Securities and Exchange Commission]



Ref .: Agreements entered with related parties,
Section 73, Law 17,811 (under Decree No. 677/01)



I am writing to you on behalf of Telefónica de Argentina S.A. (hereinafter referred to as the “Company” or "TASA”), domiciled at Avenida Ingeniero Huergo 723, ground floor, City of Buenos Aires, in connection with the provisions of the referenced rule.

In this connection, please be informed that the Audit Committee has approved today the terms and conditions for the engagement of TASA International Internet Traffic service to Telefónica Internacional Wholesale Services Argentina S.A..  It is worth mentioning that the terms and conditions of this Agreement are subject to the approval by Telefónica de Argentina S.A. Board of Directors, which will proceed to consider them in its next meeting.

The Audit Committee’s report related to the abovementioned Agreement is made available to the shareholders at the main place of business located at Avenida Ingeniero Huergo 723, ground floor, City of Buenos Aires, from 10:00 am to 12:00 pm and 03:00 pm to 06:00 pm (telephone number 4332-1945).  Said report states the transaction is carried out under market conditions.

 
 
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.
 

 
   
Telefónica de Argentina S.A.
 
       
       
Date:
December 7, 2009
 
By:
/s/ Pablo Luis Llauró
 
       
Name:
Pablo Luis Llauró
 
       
Title:
Assistant General Counsel
 




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