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Telefonica to sell China Unicom stake for USD 875 mln

2014-11-10 15:22:00| Telecompaper Headlines

(Telecompaper) Telefonica is looking to sell around half of its five percent stake in Chinese mobile operator China Unicom for as much as USD 875 million. The Spanish group is offering 597.8 million China Unicom shares at HKD 11.14 to HKD 11.34 each, according to Bloomberg, which represents a 1.2 percent to 3 percent discount on the Chinese operator's last closing price in Hong Kong. Telefonica has been present in the Chinese telecommunications market since 2005 when it first acquired a 3 percent stake in China Netcom, which was then sold to Unicom in 2008. The Spanish operator then increased its stake in China Unicom to almost 10 percent in 2011 before selling around half of its shareholding in June 2012 for some USD 1.4 billion. Over the past two years Telefonica has been divesting businesses in countries such as Ireland and the Czech Republic to raise funds for acquisitions in core markets including Germany and Brazil.

Tags: china sell usd stake

 

Telefonica raises 687m from China Unicom stake sale

2014-11-10 01:00:00| Total Telecom industry news

Spanish incumbent offloads half of its remaining stake in Chinese operator.

Tags: sale china raises stake

 
 

Celebs' Nude Pics Hacked; China Unicom Charges Tesla; Historical Images on Flickr

2014-09-03 02:37:53| PC Magazine Software Product Guide

From nude celebrity photos to Internet Archive images on Flickr, here's what you missed over the weekend.

Tags: china images historical charges

 

Celebs' Nude Pics Hacked; China Unicom Charges Tesla; Historical Images on Flickr

2014-09-03 01:35:08| PC Magazine Cell Phones Product Guide

From nude celebrity photos to Internet Archive images on Flickr, here's what you missed over the weekend.

Tags: china images historical charges

 

Celebs' Nude Pics Hacked; China Unicom Charges Tesla; Historical Images on Flickr

2014-09-03 01:35:08| PC Magazine Desktops Product Guide

From nude celebrity photos to Internet Archive images on Flickr, here's what you missed over the weekend.

Tags: china images historical charges

 

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