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Stock Market & Financial Investment News

News Breaks
December 3, 2012
07:17 EDTTEFTelefonica may list part of Latin American ops, FT reports
Telefonica (TEF) may list 10%-15% of its Latin American operations, the whole of which analysts have valued at about EUR40B, to show that markets have undervalued the telecoms group, reported Financial Times. The potential flotation of the unit is being worked on, but has not been given board approval, according to the report. Reference Link
News For 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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