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General

Telefonica freezes plans to float Colombian unit – report

Friday 5 July 2013 | 19:27 CET | News
Telefonica has halted preparations for an initial public offering of its Colombian unit after emerging stock markets tumbled, Bloomberg reports, citing three unnamed people familiar with the matter. According to the same sources, a share sale initially planned for this year is now expected to be postponed for 2014 at the earliest as Telefonica studies options for raising funds.

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Categories: General
Companies: Telefonica
Countries: Colombia
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