0
General

Telefonica sells EUR 975 mln in treasury stock

Tuesday 26 March 2013 | 10:51 CET | News
Telefonica has completed the accelerated bookbuilding offer of treasury stock launched on 25 March. The operator has completed the underwritten placement of 90.07 million treasury shares, representing 1.979 percent of its share capital, to qualified and professional investors. The stock was placed at EUR 10.80 per share. The amount of the sale is around EUR 975 million, which will be used to reduce debt.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telefonica- Movistar
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

3 Ireland nears O2 acquisition for EUR 700 mln – report

Published 23 Jun 2013 09:43 CET | Ireland
Hutchison Whampoa, owner of 3 Ireland, is in advanced talks to acquire Telefonica's Irish unit O2, Bloomberg reports, citing ...

Telefonica Brazil plans BRL 1.3 bln bond issue – report

Published 03 May 2013 10:30 CET | Brazil
Telefonica Brazil plans to issue BRL 1.3 billion (approximately USD 650 million) of five-year debt in the local market, IFR ...

Telefonica sells LatAm assets for USD 500 mln

Published 30 Apr 2013 09:55 CET | Latin America
Telefonica has agreed to sell 40 percent of its assets in El Salvador, Guatemala, Nicaragua and Panama to Corporacion Multi ...

Telefonica to launch IPO in Colombia – report

Published 10 Apr 2013 18:59 CET | Colombia
Telefonica plans to sell shares of its Colombian unit this year after halting an initial public offering for all of its Latin ...

Telefonica to sell 90 mln shares of treasury stock

Published 26 Mar 2013 06:34 CET | Spain
Telefonica is undertaking the underwritten placement of 90.07 million shares, representing 1.979 percent of its share capital, to ...

Telefonica Czech Republic starts share buyback

Published 05 Mar 2013 11:38 CET | Czech Republic
Telefonica Czech Republic's board appointed the London branch of UniCredit Bank to launch a buyback of up to 2 percent of its ...

Telco prepared for Telecom Italia write-down – report

Published 14 Feb 2013 15:20 CET | Italy
Telecom Italia's major shareholders are considering another writedown of their stake in the Italian operator. The Telco holding ...

Venezuela devaluation to affect Telefonica – report

Published 12 Feb 2013 12:37 CET | Venezuela
Venezuela's currency devaluation is expected to take a heavier toll on Telefonica and BBVA than other Spanish companies, ...

Telefonica Brasil picks Citi for ADR program

Published 30 Jan 2013 09:54 CET | Brazil
Citi's Transaction Services business, acting through Citibank, has been appointed by Telefonica Brasil as successor depositary ...

Telefonica Germany secures 'BBB' rating from Fitch

Published 17 Jan 2013 14:04 CET | Germany
Telefonica Deutschland Holding has been given its first rating by Fitch Ratings. Telefonica Deutschland's chief financial ...

Telefonica sells remaining 2.9% stake in Amper – report

Published 15 Jan 2013 11:16 CET | Spain
Telefonica has sold the remaining 2.928 percent stake (or 948,144 shares) it still owned in Spanish telecommunications equipment ...

Telefonica completes Hispasat stake sale

Published 11 Jan 2013 07:42 CET | Spain
Telefonica has completed the sale of a stake in Spanish satellite operator Hispasat to Abertis. Back in February 2012, Telefonica ...