Telefónica Chile, S.A. (SNSE:CTC-B) completed the acquisition of the remaining 0.07% stake in Telefónica Larga Distancia S.A.
Telefónica Chile, S.A. (SNSE:CTC-B) completed the acquisition of the remaining 0.07% stake in Telefónica Larga Distancia S.A. on April 28, 2016. Telefónica Chile issued 0.05 million shares of Series A in the transaction. The transaction was approved by the shareholders of Telefónica Chile on March 30, 2016. In connection with the transaction, Telefónica Larga Distancia was delisted on April 28, 2016.