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Telefonica closes down Terra

Merges back with to its parent company

10:38 am on Jul 16, 2005 (gmt 0)

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joined:May 22, 2002
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They've been talking about it for a year or so now - and I see in my paper that Telefonica is closing down Terra, SA and merging it back into it's main business.

Terra shareholders get 1 Telefonica de Espaņa SA share for each 4.5 Terra shares.

In Spanish: [telefonica.es...]


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