Telefónica pares down China Unicom stake

The Spanish telco turns to Asia at the weekend to raise funds to help slash its debt, executing a $365 million divestment after suffering post-Brexit UK setback.

Spanish telecommunications operator Telefónica Internacional raised HK$2.8 billion ($365 million) from the sale of more than half its remaining stake in China Unicom on Saturday to help reduce its debt.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media