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TEF Telefonica SA

4.50
0.06 (1.35%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Telefonica SA NYSE:TEF NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.06 1.35% 4.50 4.50 4.48 4.49 405,985 01:00:00

Telefonica Sells Manx Telecom To HgCapital And CPS Partners

04/06/2010 10:24am

Dow Jones News


Telefonica (NYSE:TEF)
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Telefonica SA (TEF) said Friday it had agreed to sell Isle of Man's Manx Telecom for GBP158.8 million to private equity firm HgCapital and telecoms firm CPS Partners.

In a press release, Telefonica said the sale of Manx Telecom was part of a series of non-strategic assets and was in line with its policies of "financial discipline."

Manx Telecom is Isle of Man's most-important telecommunications and Internet provider, Telefonica said.

Company Web site: www.telefonica.com

-By Jason Sinclair, Dow Jones Newswires, 34 913958127, jason.sinclair@dowjones.com

 
 

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