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 Seeking to Sell China Unicom Shares for Up to $875 Million
    HONG KONG—Spain’s telecommunications firm Telefónica SA is seeking to sell a 2.5% stake in China Unicom CHU 6.28 % (Hong Kong) Ltd. for up to $875 million, according to a document seen by The Wall Street Journal. Telefónica is selling 597.8 million ...
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  • Telefonica Awakens to Debt Concern With Unicom Stake Sale
    Telefonica SA’s decision to sell half of its stake in China Unicom (Hong Kong) Ltd., 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 China Unicom ...
    06/11/2012 - 12:58 pm | View Link
  • Telefonica To Sell Shares Of China Unicom For $1.4B
    Telefonica SA (NYSE: TEF), Europe's largest telecommunications operator by revenue, will sell part of its stake in China Unicom (NYSE: CHU) for $1.4 billion to reduce debt as the eurozone debt crisis stresses Europe's economy and corporations based there.
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