0854 GMT - There are no quick fixes to Telefonica's growth challenge, Citi analyst Siyi He writes. Chief Executive Marc Murtra said at the Spanish telecommunication company's capital markets day on Nov. 4 that he would consider a capital raise for the right merger and acquisition opportunities. "A lot remains uncertain around the investment case, the most obvious being what acquisitions may be attempted, at what price, and with what funding," the analyst writes. Shares are flat at 3.74 euros and down 5% year-to-date. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
December 01, 2025 03:54 ET (08:54 GMT)
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