Telefonica's Sale of Colombian Business Looks Good -- Market Talk

Dow Jones

Mar 13

0922 GMT - Telefonica will likely benefit from the sale of its majority stake in Colombian business to Millicom, ING analyst Jan Frederik Slijkerman writes in a note. The transaction will allow the Spanish telecommunications company to focus its strategy on more profitable markets, providing also a reduced exposure to non-euro currencies, Slijkerman says. The agreed price for the shares looks fair, he adds. Additionally, "Telefonica is still entitled to the proceeds of a 523 million claim from a longstanding dispute with the Colombian government and it would be nice to have this confirmed," he adds. In November 2024, the International Centre for Settlement of Investment Disputes ruled in favor of Telefonica. Shares are up 1.3% at 4.28 euros. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

March 13, 2025 05:22 ET (09:22 GMT)

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The transaction will allow the Spanish telecommunications company to focus its strategy on more profitable markets, providing also a reduced exposure to non-euro currencies, Slijkerman says. The agreed price for the shares looks fair, he adds. Additionally, \"Telefonica is still entitled to the proceeds of a 523 million claim from a longstanding dispute with the Colombian government and it would be nice to have this confirmed,\" he adds. In November 2024, the International Centre for Settlement of Investment Disputes ruled in favor of Telefonica. Shares are up 1.3% at 4.28 euros. (najat.kantouar@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 05:22 ET (09:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Telefonica's Sale of Colombian Business Looks Good -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTelefonica's Sale of Colombian Business Looks Good -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-13 17:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0922 GMT - Telefonica will likely benefit from the sale of its majority stake in Colombian business to Millicom, ING analyst Jan Frederik Slijkerman writes in a note. The transaction will allow the Spanish telecommunications company to focus its strategy on more profitable markets, providing also a reduced exposure to non-euro currencies, Slijkerman says. The agreed price for the shares looks fair, he adds. Additionally, \"Telefonica is still entitled to the proceeds of a 523 million claim from a longstanding dispute with the Colombian government and it would be nice to have this confirmed,\" he adds. In November 2024, the International Centre for Settlement of Investment Disputes ruled in favor of Telefonica. Shares are up 1.3% at 4.28 euros. (najat.kantouar@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 05:22 ET (09:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4115","symbol_name":"综合电信业务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2519884418","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519884418","pubTimestamp":1741857720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0922 GMT - Telefonica will likely benefit from the sale of its majority stake in Colombian business to Millicom, ING analyst Jan Frederik Slijkerman writes in a note. The transaction will allow the Spanish telecommunications company to focus its strategy on more profitable markets, providing also a reduced exposure to non-euro currencies, Slijkerman says. The agreed price for the shares looks fair, he adds. Additionally, \"Telefonica is still entitled to the proceeds of a 523 million claim from a longstanding dispute with the Colombian government and it would be nice to have this confirmed,\" he adds. In November 2024, the International Centre for Settlement of Investment Disputes ruled in favor of Telefonica. Shares are up 1.3% at 4.28 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4115":"综合电信业务","TEF":"西班牙电信"},"translate_title":"西班牙电信出售哥伦比亚业务看起来不错——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TEF":0.9},"content_text":"0922 GMT - Telefonica will likely benefit from the sale of its majority stake in Colombian business to Millicom, ING analyst Jan Frederik Slijkerman writes in a note. The transaction will allow the Spanish telecommunications company to focus its strategy on more profitable markets, providing also a reduced exposure to non-euro currencies, Slijkerman says. The agreed price for the shares looks fair, he adds. Additionally, \"Telefonica is still entitled to the proceeds of a 523 million claim from a longstanding dispute with the Colombian government and it would be nice to have this confirmed,\" he adds. In November 2024, the International Centre for Settlement of Investment Disputes ruled in favor of Telefonica. Shares are up 1.3% at 4.28 euros. (najat.kantouar@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2025 05:22 ET (09:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}