Telefonica to delist ADSs from NYSE over cost, administrative burdens
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Spanish telecom giant Telefonica will delist its American Depositary Shares (ADS) from the New York Stock Exchange due to administrative burdens and costs. This move is part of a strategic plan to reduce debt and operating costs. Telefonica will also delist its ADSs from the Lima Stock Exchange. Current ADS holders can exchange them for ordinary shares in Spain. The delisting will not impact Telefonica's customers, partners, or commercial presence in the U.S.
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