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 ~~September~~November, 2010

_______________

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

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

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~~Press torelease ~~the Buenos Aires Stock Exchange~~ dated ~~September~~November 18, 2010 ~~regarding Corporate Bonds Deregistration and Delisting~~.

Item 1

Telefónica de Argentina Sto terminate SEC reporting obligations after repayment in full of its 9.A125% Senior Notes due November 2010 (CUSIP No. 879378AJ6)

~~Buenos~~Telefónica ~~Aires~~de Argentina S.A. (“TASA”) today repaid in full its 9.125% Senior Notes due November 2010 (CUSIP No. 879378AJ6). As a result, ~~September~~TASA’s ~~1st~~only securities outstanding are the 8.850% Senior Notes due August 2011 (CUSIP No. 879378AK3) (the “2011 Notes”). The 2011 Notes were delisted from the New York Stock Exchange and withdrawn from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “1934 Act”) in September 2010.

~~Messrs~~TASA intends to terminate its duty to file reports with the Securities and Exchange Commission (the “SEC”) under the 1934 Act soon hereafter by filing Form 15F with the SEC upon the completion of all required legal steps.

~~Bolsa~~TASA deis ~~Comercio~~required deto ~~Buenos~~make ~~Aires~~available ~~[Buenos~~certain ~~Aires~~English-language ~~Stock~~information ~~Exchange]~~pursuant to the indenture governing the 2011 Notes and TASA will also make such information available to bondholders through its corporate website (http://www.telefonica.com.ar/).

~~Ref.:~~November ~~Corporate~~8, ~~Bonds Deregistration and Delisting.~~2010

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 connection with the deregistration from the Securities & Exchange Commission and the delisting from the New York Stock Exchange of the Company’s corporate bonds at 8.850% due in August, 2011.

In this regard and further to our previous note on this matter dated August 13th, 2010, please be advised that today is the last day such bonds are quoted in the New York Stock Exchange.

Yours sincerely, /s/ Pablo Luis Llauró

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:	~~September~~November 18, 2010	By:	/s/ ~~Mariano~~Pablo ~~Javier~~Luis ~~Rodríguez~~Llauró
			Name:	~~Mariano~~Pablo ~~Javier~~Luis ~~Rodríguez~~Llauró
			Title:	Assistant General Counsel

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