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 half its stake in China Unicom
    The sale is part of Telefonica's earlier announced plans to sell off assets in order to raise cash for reducing debt. The Spanish company said it remains committed to the strategic alliance with China Unicom and will not sell additional shares in the ...
    06/10/2012 - 4:44 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
  • Spain’s Telefonica to sell China Unicom stake for €1.1bn
    Spanish telecommunications group Telefonica SA (MCE:TEF) said it will sell 4.56% in China Unicom (Hong Kong) Ltd (HKG:0762) to China United Network Communications Group Company Limited, the parent of the Hong Kong-based sector player, for HKD11bn (USD1.4bn ...
    06/10/2012 - 1:00 pm | View Link
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