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   
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  • 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 ...
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    The bounce in China Unicom’s CHU HK:762 shares Monday is more than “sell the rumor, buy the fact.” In fact, it’s a thumping endorsement of a deal well executed. Telefonica S.A. TEF sold 4.56% of Unicom shares to the Chinese telecom’s unlisted ...
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