A third of Telefonica board buys shares for € 26 million since August fall

telefonica.bonita

Alphavalue | A third of Telefónica’s board  has bought shares since the fall of August. The investment is around € 26 million, led by Francisco Riberas. Pallete, Echenique, García Blanco, Vilá and Carvajal have also acquired titles.

The Spanish telecom selected an American bank to lead the review of its activities in Latin America. At the end of 2019 the telecommunications group constituted the new subsidiary Telefónica Hispanoamérica, which regroups all its businesses in the region, except Brazil, in order to boost value.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.