Satnews Daily
February 21st, 2012

Telefónica, S.A... Hispasat Shares Sold (Business)


[SatNews] Telefónica de Contenidos, S.A.U., a wholly-owned company by Telefónica, S.A., has reached an agreement...

...with Abertis Telecom, S.A. to sell the 13.23 percent stake of Hispasat S.A. owned by Telefónica de Contenidos, S.A.U. The transaction amounts to 124 million Euros, and Telefónica de Contenidos, S.A.U. will receive such amount in cash upon the closing of the transaction. The closing is subject, among other conditions, to the approval of the Council of Ministers.