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Choline-specific glycerophosphodiester phosphodiesterase. Hydrolyzes the classical substrate forphospholipase C, p-nitrophenyl phosphorylcholine, while it does not hydrolyze the classical nucleotidephosphodiesterase substrate, p-nitrophenyl thymidine 5'-monophosphate. Hydrolyzes lysophosphatidylcholine (LPC) toform monoacylglycerol and phosphorylcholine but not lysophosphatidic acid, showing it has a lysophospholipase Cactivity. Has a preference for LPC with short (12:0 and 14:0) or polyunsaturated (18:2 and 20:4) fatty acids. Alsohydrolyzes glycerophosphorylcholine and sphingosylphosphorylcholine efficiently