Previous close | 4.4100 |
Open | 4.4100 |
Bid | 4.4000 x 2900 |
Ask | 4.4400 x 3200 |
Day's range | 4.3850 - 4.4300 |
52-week range | 3.7200 - 4.5300 |
Volume | |
Avg. volume | 785,972 |
Market cap | 25.469B |
Beta (5Y monthly) | 0.69 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.32 (7.33%) |
Ex-dividend date | 12 Dec 2023 |
1y target est | N/A |
Spain will complete its planned acquisition of a 10% stake in telecoms giant Telefonica as soon as possible, but will build up to it so as to not impact the share price, government spokesperson Pilar Alegria said on Tuesday. Last December, the government decided to enter the company as a counterbalance to the acquisition of a stake in Telefonica by Saudi Arabia's STC. On Monday, state holding company SEPI said it had bought an initial 3% stake.
MADRID (Reuters) -The Spanish government has acquired a 3% stake in telecoms group Telefonica (TEF.MC) through the state holding company SEPI, SEPI said on Monday after it reported the acquisition to the stock market regulator. The government said last December it would acquire a stake of up to 10% in the Spanish company in a counterbalance to the acquisition of a stake in Telefonica by Saudi Arabia's STC. "The entry of the SEPI, a shareholder with a long-term commitment, will provide Telefonica with greater shareholder stability to achieve its objectives, contributing to safeguarding the strategic capabilities of a company that is strategic for (Spain's) national interests," SEPI said in a statement.
Spain's High Court has ordered the suspension of messaging app Telegram's services in the country after media companies complained it was allowing users to upload their content without permission, according to a court source. The use of Telegram in Spain will be temporarily suspended from Monday after a request by media firms including Atresmedia , EGEDA, Mediaset and Telefonica. Judge Santiago Pedraz agreed to block Telegram's services in Spain while the claims are investigated.