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Telefonica SA Announces Sale Of Telefonica Ireland


Monday, 24 Jun 2013 02:06am EDT 

Telefonica S.A. announced that it has reached an agreement with Hutchison Whampoa Group, for the sale of its 100% participation in Telefonica Ireland, Ltd. The value of the sale totals EUR850 million , including an initial cash consideration of EUR780 million at closing of the transaction, and an additional deferred payment of EUR70 million based on the completion of agreed financial objectives. The transaction is subject, among other conditions, to the relevant competition approvals. 

Company Quote

14.69
-0.38 -2.52%
19 Dec 2014