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TELFY Telefonica SA News Story

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Brief: Telefonica Completes Transaction Related To Colombia Telecomunicaciones

Feb 6 (Reuters) - Telefonica SA TEF.MC:

SAID ON THURSDAY, TELEFONICA HISPANOAMERICA TRANSFERS 67.5% STAKE IN COLOMBIA TELECOMUNICACIONES TO MILLICOM COLOMBIA

STAKE SOLD FOR $214 MILLION (AROUND 182 MILLION EUROS)

TRANSACTION REDUCES TELEFONICA'S NET DEBT BY 1.55 BLN EUROS

TRANSACTION ALIGNS WITH STRATEGY TO EXIT HISPANOAMERICA

Source text; nL8N3PW0BD

Further company coverage: TEF.MC

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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