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General

Telefonica studies ways to raise funds in Colombia

Thursday 13 June 2013 | 09:55 CET | News
Telefonica faces resistance from its co-investor, the Colombian government, on a plan to raise money in the Andean country, Bloomberg reports, citing Santiago Fernandez Valbuena, head of Telefonica's Latin America operations. Telefonica needs more cash in Colombia to acquire mobile spectrum, reduce the pension liabilities it has inherited and remain competitive, said Fernandez Valbuena said.

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Categories: General
Companies: Telefonica
Countries: Colombia
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