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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Telefonica Sa | LSE:TDE | London | Ordinary Share | ES0178430E18 | TELEFONICA ORD SHS (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.146 | 7.136 | 7.156 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTDE
RNS Number : 2670P
Telefonica SA
15 November 2016
RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES
General Secretary and
Secretary to the Board of Directors
TELEFÓNICA, S.A.
TELEFÓNICA, S.A. as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Telefónica, S.A. announces that the 100% of the share capital of Televisión Federal, S.A., ("Telefé"), which was indirectly owned by Telefónica, S.A., has been sold today to Viacom International Inc.
The equity value of the transaction, received today, is 345 million US dollars (approximately 322 million euros). The pre-tax capital gain estimated amounts to, approximately, 205 million euros.
This operation is part of Telefónica Group's asset portfolio management policy, based on a strategy of value creation and strategic positioning. Likewise, it also complements the objective of organic debt reduction, in a growing cash flow scenario.
Madrid, November 15, 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISFFFFWIFMSEEF
(END) Dow Jones Newswires
November 15, 2016 12:22 ET (17:22 GMT)
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