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Stock Market & Financial Investment News

News Breaks
February 11, 2013
10:23 EDTTEFTelefonica could delay Latin America IPO, Bloomberg reports
According to sources, Telefonica (TEF) has deferred preparations for an IPO of its Latin American businesses after a bond issue and a stake sale in its German unit relieved pressure, Bloomberg reports. The company is not planning to resume the project unless there is pressure from rating companies or there is strong investor appetite. 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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