Tuesday, 22 August 2017

Telefonica raises €322m from China Unicom stake sale

By Nick Wood, Total Telecom
Monday 11 July 16

Spanish incumbent cuts shareholding by 1.5% as part of its debt-reduction plan.

Telefonica on Sunday sold a 1.51% stake in China Unicom for €322 million, as it looks to reduce its hefty debt. Following the sale, Telefonica's stake in China Unicom now stands at close to 1%…

Telefonica on Sunday sold a 1.51% stake in China Unicom for €322 million, as it looks to reduce its hefty debt. Following the sale, Telefonica's stake in China Unicom now stands at close to 1%…

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