Good evening, The press reports that Italy will reduce the number of provinces from 86 to 51 starting in 2014.  As a result of the restructuring there will be an estimated 40m of annual savings which we are sure will … Continue reading →

Good evening, TEF filed today a voluntary exchange offer of Telefonica Finance USA LLC Preferred securities for a consideration consisting of 40% treasury stock and 60% in callable senior unsecured bonds 4.184% of 2022. The consideration values the prefs at … Continue reading →