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Stock impact report

Why Telefonica Stock Gained 11.1% Last Month [The Motley Fool]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: The Motley Fool
Why Telefonica Stock Gained 11.1% Last Month What happened Shares of Telefonica ( NYSE:TEF Global Market Intelligence The Spanish telecommunications company published a press release on Sept. 0 announcing that it had plans to accelerate monetization of its mobile-telecommunications infrastructure. It followed this news with an announcement on Sept. 0 that it had partnered with Atresmedia to form a production company that would create Spanish-language entertainment. Image source: Getty Images. So what Telefonica hopes to better monetize some of its wireless telecom assets and is potentially looking at diverting some resources and business to its Telxius tower infrastructure unit. The company has been slimming down and trying to become a more focused and efficient operation. The stock may have seen some positive momentum tied to speculation that the company is interested in selling its Ecuador-based business unit at a price of 800 million euro. Telefonica is increasingly focusing on it Show less Read more
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