Telefónica sells 2.13% Eutelsat stake

9 Aug 2004

Spanish telecoms heavyweight Telefónica has sold its 2.13% stake in satellite operator Eutelsat to an undisclosed buyer for EUR44.83 million, realising a one-time gain of EUR22.5 million. Telefónica is also rumoured to be looking to offload its 13.2% holding in another satellite operator Hispasat.

Spain, Telefonica