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Stock Market & Financial Investment News

News Breaks
April 1, 2014
07:25 EDTTEFTelefonica acquires eyeOS, terms not disclosed
Telefónica announced the acquisition of eyeOS, a Spanish cloud computing start-up. Telefónica has collaborated with eyeOS since 2010, but this acquisition reinforces its future mobile cloud services plans and the development of free software solutions. In the coming months, Telefónica will work on the consolidation and expansion of eyeOS, to extend its commercialisation in Spain and all the countries in which it operates.
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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