Tag: Telefonica

Telefonica Sells 7.08 Percent Stake in El Pais Owner Prisa for 34 Million Euros

May 19, 2022
Business & EconomyCompaniesEuropeTelefonicaWorld
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MADRID—Spanish telecom firm Telefonica said on Thursday it agreed to sell a 7.08 percent stake in the media group Prisa, the publisher of El Pais newspaper, for 34 million euros. Telefonica agreed to sell the stake with a 17 percent premium over the closing price on Wednesday to privately held Spanish firm Global Alconaba. Telefonica will…

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Telefonica Reaches Agreement to Cut About 2,700 Jobs in Spain

December 28, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyEuropejobsredundanciesSpainTelefonicaUncategorizedWorld
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MADRID—Spain’s Telefonica has reached an agreement with labor unions to cut some 15 percent of its domestic workforce via voluntary redundancies in a plan estimated to cost it 1.5 billion euros ($1.7 billion) this year, the telecoms group said on Tuesday. The plan to cut around 2,700 jobs in an increasingly competitive market in early…

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