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 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 ...
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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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