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Telefonica ( (TELFY) ) has shared an update.
Telefónica has completed the sale of its entire 67.5% stake in Colombia Telecomunicaciones S.A. E.S.P. BIC to Millicom Colombia Holdings SAS for US$214 million (about €182 million), following receipt of all required regulatory approvals and fulfilment of conditions. The transaction, which reduces the Telefónica Group’s net financial debt by approximately €1.55 billion, forms part of the company’s ongoing asset portfolio management and underlines its strategic move to exit its Hispanoamerican operations, streamlining its regional exposure and balance sheet.
The most recent analyst rating on (TELFY) stock is a Sell with a $3.40 price target. To see the full list of analyst forecasts on Telefonica stock, see the TELFY Stock Forecast page.
More about Telefonica
Telefónica, S.A. is a major European and Latin American telecommunications group that provides fixed and mobile connectivity, broadband, and related digital services across multiple markets, with a strategic focus in recent years on reshaping its geographic footprint and optimizing its asset portfolio.
Average Trading Volume: 1,600,507
Technical Sentiment Signal: Buy
Current Market Cap: $24.35B
See more data about TELFY stock on TipRanks’ Stock Analysis page.