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Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:06 EDTCRNT, TEFCeragon Networks receives follow-on orders from Telefonica
Ceragon Networks announced that it has received follow on orders from Telefónica. With new orders for network upgrading in Mexico, Ceragon now provides high-capacity wireless backhaul solutions to Telefonica in four markets throughout Latin America.
News For CRNT;TEF From The Last 14 Days
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January 29, 2016
06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
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06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
Telefonica plans to offer employees early retirement in a plan that will cost $3.2B upfront while saving money over the long-term in an effort to reduce debt, Bloomberg reports. The Spanish telephone company will open the plan right away to certain employees and will report the $3.2B charge as part of its Q4 results next month, the report says, citing a regulatory filing. The move is expected to save an average of EUR370M annually beginning in the second year of the plan, the report says. Reference Link

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