Telefónica, S.A. (TEF)

Should Value Investors Buy Telefonica (TEF) Stock?

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Telefonica awarded $380 million from Colombian government in arbitration, company says

MADRID/BOGOTA (Reuters) -Spanish telecoms company Telefonica said on Wednesday that the World Bank's International Centre for Settlement of Investment Disputes (ICSID) had ordered the Colombian government to pay it $380 million as part of an arbitration process. Colombia was also ordered to pay Telefonica's legal fees for the dispute that started in February 2018 and compound interest at a rate of 5% as compensation of the damages caused, Telefonica said.