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Stock Market & Financial Investment News

News Breaks
May 7, 2014
06:40 EDTTEFTelefonica seeking to raise stake in pay TV provider, NY Times reports
Spanish telecom company Telefonica (TEF) has offered to pay about $1B to raise its stake in Spanish pay TV provider Digital Plus to 56%, Telefonica stated last night, according to The New York Times. Telefonica already has a 22% stake in Digital Plus, the newspaper noted. Reference Link
News For TEF From The Last 14 Days
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October 17, 2014
07:26 EDTTEFTelefonica axes 1.6K German jobs after E-Plus deal, WSJ says
As Telefonica gains E-Plus, the company's German division will reduce over 1.6K staff members in the country, according to The Wall Street Journal, citing a person familiar with the matter. Telefonica's German division employs 9.1K workers total at the moment. Reference Link

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