Telefonica de Espana is to increase the share capital of Telefonica Internacional, according to a report in Tribuna Informatica: the company’s capital will go up to $583m from $125m, and the newspaper believes that a number of banks will take advantage of this financing measure; it is intended to fund further international expansion and investment in countries like Puerto Rico, and Venezuela, and the Portuguese market is also of interest since the national telephone company is to be privatised shortly.
