Thursday, December 07, 2006

Telefonica Plans to Raise China Netcom Stake to 9.9%

From MarketWatch:

"Spain's Telefonica SA (TEF) has confirmed plans to raise its stake in Chinese telecommunications operator China Netcom Group Corp. (Hong Kong) Ltd. (CN) to 9.9%, a company spokeswoman said Thursday."

"Telefonica, the largest telecommunications company in Spain and Latin America, will also receive the right to appoint a second member to China Netcom's board of directors, the spokeswoman added."


At 8:29 PM, Anonymous Penny stock newsletter said...

I would like to suggest a internet stock it trades around 3.00 dollars under the symbol PFSW. The companies is engaged in procurement of services related to the internet. I believe that the stock could get to 30.00 dollars a share over the next five years.


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