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Stock Market & Financial Investment News

News Breaks
April 15, 2014
07:54 EDTTEFTelefonica offers to help make E-Plus replacement to ease concerns, FT says
Telefonica, seeking to garner approval for its proposed takeover of rival E-Plus, is offering to help create a new rival in the space by giving up spectrum and making other concessions, according to Financial Times, citing a confidential document viewed by the news service. Reference Link
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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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