Stay updated with breaking news from James Ratzer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Operator: Good morning. Thank you for standing by, and welcome to Telefonica's January-December 2023 Results Conference Call. At this time, all participants are in a listen-only mode.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/CM5SMO3SHD5ALEHU4ZKDSZXTVY.jpg)
Telecoms group streamlines operations as it seeks to revive performance
TalkTalk has sold its business division to its own shareholders as the struggling telecoms firm races to stabilise itself before a critical refinancing.
(Bloomberg) -- Cellnex Telecom SA agreed to sell a stake in its businesses in Denmark and Sweden for about €730 million ($772 million) in a drive to cut debt. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally UAW Aims For At Least 30% Wage Bump to Woo New MembersTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleEurope’s Richest Royal Family Builds $300 Billion Finance EmpireBiden Impeachment Hearing Heavy on Politics, Light on SubstancePri
(Bloomberg) -- A Saudi Arabian state-backed telecom firm is set to splash out $2.5 billion to become the biggest shareholder in Spain’s Telefonica SA, marking the latest instance of Middle Eastern wealth flowing into key European communication assets. Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackHuawei Teardown Shows Chip