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Spain's Telefonica cancels Brazilian depositary receipts program

Capital.gr | March 31, 2011 | Diana Kinch

RIO DE JANEIRO -(Dow Jones)- Spanish telecoms company Telefonica SA (TEF, TEF.MC) said it has canceled its Brazilian Depositary Receipts, or BDRs, program.

Telefonica has also canceled its registration with Brazil’s securities commission CVM as a share-issuing foreign company in Brazil, the company said in a statement Wednesday.

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