Telefonica SA Subscribes To Capital Hike In Telco, Holding Company Controlling Telecom Italia SpA-Reuters

Tuesday, 24 Sep 2013 12:08pm EDT 

Reuters reported that Telefonica SA said that it has subscribed to a EUR 324 million (USD 437 million) capital hike at Telco, the holding company that controls Telecom Italia SpA. Earlier, Telefonica SA said it had agreed cash-and-share deals worth around EUR 860 million to increase its stake in Telco in a move that could eventually see it take control of Telecom Italia SpA. 

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