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| Name | Symbol | Market | Type |
|---|---|---|---|
| Telefonica SA | NYSE:TEF | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.04 | 0.91% | 4.44 | 4.44 | 4.375 | 4.38 | 338,988 | 22:33:58 |
From May 2019 to May 2024
By Jeannette Neumann
MADRID--Telefónica SA (TEF) said it is suspending the initial public offering of its Telxius infrastructure unit because potential investors' offers undervalued the business.
The scuttled deal throws a wrench in the Spanish telecommunication giant's efforts to quickly raise funds to whittle down its debt as it seeks to ease concerns among investors and credit rating firms.
Telefónica said it will continue to explore other alternatives for the Telxius unit, according to a regulatory filing published Thursday.
Write to Jeannette Neumann at jeannette.neumann@wsj.com
(END) Dow Jones Newswires
September 29, 2016 12:48 ET (16:48 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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