Spain's heavily indebted Telefonica (NYSE:TEF) inks a deal to raise about €1.1B in cash by selling half of its shares in China Unicom (NYSE:CHU) back to the company. Telefonica will retain a 5% stake in the Chinese operator and says it remains committed to the two's "strategic alliance."
Spain's heavily indebted Telefonica (NYSE:TEF) inks a deal to raise about €1.1B in cash by...
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Symbol | Last Price | % Chg |
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TEF | - | - |
Telefónica, S.A. |