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:
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    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.
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  • Telefonica sells China Unicom stake for 322 million euros
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  • China Telcos Orphaned As Telefonica Dumps Unicom
    Bottom line: Telefonica’s sell-down ... to profit from China’s huge, but highly protected telecom market. That’s my latest assessment following word that Spain’s Telefonica (NYSE:TEF) is further selling down its stake in China Unicom (NYSE:CHU ...
    11/11/2014 - 3:22 am | View Link
  • China Unicom: Telefonica To Sell Shares, Not A Statement Against Unicom
    Spanish telecom giant Telefonica (TEF) is seeking to sell its 2.5% stake in China Unicom (0762.HK/CHU) for up to $865 million, The Wall Street Journal reported. Telefonica is selling its China Unicom shares for 11.14 Hong Kong dollars to 11.34 each, a 1.2 ...
    11/10/2014 - 7:41 am | View Link
  • Telefónica to sell China Unicom stake
    Spain’s Telefónica is reportedly looking to sell a stake in China Unicom, and expects to raise $859-$875 million from the sale. According to a term sheet seen by Reuters today, Telefónica – which holds 1.19 billion China Unicom shares – is offering ...
    11/9/2014 - 11:00 am | View Link
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BING SEARCH:
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