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Stock Market & Financial Investment News

News Breaks
December 26, 2012
12:14 EDTTEFTelefonica lowers international calling fees in Spain, Reuters reports
Spanish telecom company Telefonica (TEF) said that it had reduced its international call fees in Spain, according to Reuters. The company is looking to hold onto its customers in that country as its competition increases, the news service said. 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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