Telefonica negotiates additional 4.9% stake in Netcom

4 Jul 2006

According to Shanghai Securities News Telefonica will take an additional 4.9% stake in China Netcom to raise its holding to 9.9%. A seniour official at China Netcom is quoted as saying that Telefonica may buy a 4.3% stake from existing shareholders with the remaining 0.6% taken from the stock market.

China, China Netcom, Telefonica