NEW YORK (TheStreet) -- Telefonica
SA said over the weekend it had sold a 4.56% stake in China Unicom
(Hong Kong) Ltd for 1.13 billion euros, or $1.41 billion, according to published media reports. The buyer is China
Unicom's parent, China United Network Communications Group, The Wall Street Journal reported. The Spanish telecom company said it would retain a 5.01% stake in China Unicom, and that it had agreed to hold this stake for one year after selling the 4.56% stake, AFP reported. ... Click to view a price quote on TEF. Click to research the Telecommunications industry.
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