0
General

Telefonica to reduce share capital by 1.5%

Thursday 29 September 2016 | 09:05 CET | News
Telefonica has announced its decision to proceed with the cancellation of shares equivalent to 1.5 percent of its capital. In a statement to Spanish market regulator CNMV, the company said it would cancel around 74.6 million shares of company stock over the next few days even though the move was previously subject to the sale of its O2 UK unit to 3 UK, a transaction that was eventually blocked by the European Commission. In its statement, Telefonica said its board had decided to waive that condition and continue with the share capital reduction.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: 3 UK / European Commission / O2 UK / Telefonica / Telxius
Countries: Spain
::: add a comment

Add 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

Telefonica executes 1.5% share capital reduction

Published 14 Oct 2016 09:19 CET | Spain
Telefonica has executed the cancellation of shares equivalent to 1.5 percent of its capital. In a statement to Spanish market ...

O2 UK considers selling shares to customers

Published 02 Oct 2016 21:49 CET | United Kingdom
O2 UK is preparing to sell shares to millions of retail investors as part of a planned GBP 10 billion flotation. In an interview ...

Telefonica abandons EUR 1.5 bln Telxius IPO on weak demand

Published 30 Sep 2016 08:25 CET | World
Telefonica has cancelled its planned initial public offering of infrastructure unit Telxius, citing weak investor demand. The ...

Telefonica preparing to list 30% of O2 UK this year - report

Published 28 Sep 2016 15:40 CET | United Kingdom
Telefonica is preparing to list around 30 percent of its O2 UK unit this year, according to unnamed sources cited by Reuters. The ...

Telefonica to raise up to EUR 1.5 billion in Telxius IPO

Published 20 Sep 2016 17:47 CET | Spain
Telefonica has launched the initial public offering for its infrastructure company Telxius and looks to raise up to EUR 1.5 ...

Telefonica to 'reflect on future of UK business' - chairman

Published 13 May 2016 09:52 CET | Spain
Telefonica has confirmed that it will stick by its promise to pay a dividend of EUR 0.75 a share this year even after the ...

EC blocks O2-3 UK merger

Published 11 May 2016 12:36 CET | United Kingdom
The European Commission has blocked the proposed merger of O2 UK and 3 UK, saying competition on the UK mobile market would ...





Calendar   /   Industry Events

23 Jan Comcast Q4 2019
23 Jan Intel Q4 2019
23 Jan STMicroelectronics Q4 2019
23 Jan Skyworks Solutions fiscal Q1
24 Jan Ericsson Q4 2019
26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Dtac Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan CEM in Telecoms Global Summit
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan KPN Q4 2019
29 Jan Telenor Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Telia Q4 2019
29 Jan European 5G Conference
30 Jan NTT Docomo fiscal Q3
30 Jan BT fiscal Q3
30 Jan Amazon Q4 2019
30 Jan The Things Conference
::: More Calendar Items