Telefonica divests China Unicom stake

Spanish telecom operator offloads half its stake to fund acquisitions in Europe and Latin America.

Asia's third largest overnight block trade of the year was completed on Monday when Telefonica Internacional sold a 2.5% stake in China Unicom raising $859 million. The Spanish telecom operator halved its existing 5% stake to fund acquisitions in Europe and Latin America.

¬ 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