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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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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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