Telefónica To Sell China Unicom Stake

Telefónica agreed to sell a 4.56% stake in China Unicom to its parent company for about €1.13 billion.

Topics:  china unicom   telefónica   sell   stake   
BING NEWS:
  • Telefónica to sell half its stake in China Unicom
    Telefónica has agreed to sell close to half its stake in China Unicom to its parent group, China United Network, for €1.1bn as the heavily indebted Spanish group continues to bolster its balance sheet in a tough climate for telecoms operator in Europe.
    06/11/2012 - 2:40 am | View Link
  • Telefonica to Sell Shares Back to China Unicom for $1.4 Billion
    Telefónica, the largest European telecommunications operator by revenue, has agreed to sell back a 4.56 percent stake in China Unicom, part of an effort by Telefónica to reduce debt as the European financial crisis continues to hurt earnings in its main ...
    06/10/2012 - 9:04 pm | View Link
  • Telefonica sells part of China Unicom stake
    Spanish telecoms giant Telefonica has signed an agreement with China Unicom to sell almost half its stake in the company back to China's second largest telecom operator, Telefonica said in a stock market notice on Sunday. The sale will allow heavily ...
    06/10/2012 - 1:00 pm | View Link
  • Telefónica sells China Unicom stake
    Telefónica has agreed not to sell any more shares in China Unicom for the next 12 months and the deal, which is subject to regulatory approval, is expected to be completed by July 31, 2012. Telefónica has struggled financially in 2012 so far. In its 1Q12 ...
    06/10/2012 - 1:00 pm | View Link
  • Telefonica Awakens to Debt Concern With Unicom Stake Sale
    Telefonica SA (TEF)’s decision to sell half of its stake in China Unicom (Hong Kong) Ltd. (762), paring its seven-year venture into one of the fastest-growing wireless markets, shows the burden of debt on the Spanish operator. The sale of 1.07 billion ...
    06/10/2012 - 4:37 am | View Link
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