Telefonica cuts debt by 200 mln euros with Colombia network stake sale [Financial Post (Toronto, Ontario, Canada)]
Telefonica SA (TEF)
Last telefonica sa earnings: 2/23 04:01 pm
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Source: Financial Post
in its optic fiber network in Colombia to buyout fund KKR, the Spanish telecom operator said on Saturday. It plans to spin off the unit but retain a 40% stake, while a local unit of KKR is taking the rest. Borders will soon open for Canadians to travel — here's how to travel smarter and cheaper Advertisement The operation values the fiber network in Colombia at $500 million. KKR intends to expand coverage to 4.3 million households in the country by 2024 from 1.2 million at the moment, the buyout fund said in a statement. Advertisement Article content Spanish bank Santander advised Telefonica on the transaction, a source with knowledge of the deal said. The deal still requires regulatory approvals, KKR and the operator said. Telefonica is reducing its debt by selling assets, including the 6.2 billion euro ($5.25 billion) sale of its Telxius mobile tower masts to American Tower earlier this year. Like its European rivals, Telefonica has faced growth issues aside fr
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News
- Telefónica, S.A. (NYSE:TEF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Telefonica's (TEF) Q1 Earnings and Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Telefonica Maintains 2024 Outlook as Earnings Meet Expectations [BNN Bloomberg (Canada)]BNN Bloomberg
- Spanish telcom company Telefónica posts higher Q1 profit, revenue [Yahoo! Finance]Yahoo! Finance
- Telefonica earnings hit $3.4 billion in Q1 amid merger between rivals Masmovil and Orange in Spain [Fortune]Fortune
TEF
Earnings
- 5/10/24 - Beat
TEF
Sec Filings
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- 5/8/24 - Form 6-K
- TEF's page on the SEC website