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…
Telefonica Sells 7.08 Percent Stake in El Pais Owner Prisa for 34 Million Euros
Telefonica Reaches Agreement to Cut About 2,700 Jobs in Spain
December 28, 2021
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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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