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Telefonica Cleans Up Balance Sheet with Colombian Merger

Apr 4, 2012

Spain’s Telefonica has struck a deal to merge its Telefonica Moviles Colombia unit with Colombia Telecomunicaciones, a company itself majority owned by Telefonica, the company says. A key catalyst for the merger is Telefonica’s...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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