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Stock Market & Financial Investment News

News Breaks
July 30, 2014
06:56 EDTTEFTelefonica aims for Mexico agreement after Iusacell report, Bloomberg says
Telefonica said the firm is in discussions regarding a possible agreement in Mexico after a report from news site El Confidencial noted that the telecommunications company is looking to purchase Grupo Iusacell, according to Bloomberg, citing the report. Telefonica said in a Spanish regulatory filing, "Negotiations are open, although no agreement has been reached." The company gave no further details on the matter. 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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