Thursday, 08 December 2016

Telefonica cuts Telecom Italia stake

By Mary Lennighan, Total Telecom
Thursday 17 July 14

Spanish telco to sell €750 million worth of convertible bonds, reducing its stake in Telecom Italia to between 8.3% and 9.4%.

Telefonica on Thursday revealed that it will cut its stake in Telecom Italia via a €750 million convertible bonds sale, in a move doubtless designed to ease regulatory tensions in Brazil. The Spanish telco has issued bonds that will mature in July 2017 and are convertible into Telecom Italia shares. Through the sale…

Telefonica on Thursday revealed that it will cut its stake in Telecom Italia via a €750 million convertible bonds sale, in a move doubtless designed to ease regulatory tensions in Brazil. The Spanish telco has issued bonds that will mature in July 2017 and are convertible into Telecom Italia shares. Through the sale…

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