Market Overview

Telefonica To Sell 4.56% Stake In China Unicom

Share:
Related TEF
US Stock Futures Up Ahead Of Consumer Credit Report
Fast Money Picks For April 1: Twitter, Telefonica, Blackstone Group
Related CHU
Is It Time To Bet On Chinese Telecoms?
Brean Capital: We Still Like Skyworks; Apple, Chinese Carriers Should Drive Demand For Its Products
China Unicom (CHU) Q1 Earnings, Revenues Deteriorate Y/Y - Analyst Blog (Zacks)

Telefonica SA (NYSE: TEF) agreed to sell a 4.56% stake in China Unicom (Hong Kong) Limited (NYSE: CHU) for around 1.13 billion euros ($1.74 billion).

The buyer is China United Network Communications Group Co Ltd. Telefonica last month posted downbeat earnings.

TEF shares declined 0.33% to $12.22 in the after-hours trading session, while CHU shares fell 0.51% to close at $13.55 on Friday.

Posted-In: merger and acquisitionNews M&A

 

Related Articles (CHU + TEF)

Around the Web, We're Loving...