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General

Telefonica to float up to 15% of LatAm business

Monday 3 December 2012 | 10:25 CET | News
Telefonica is planning to list between 10-15 per cent of its Latin American operations, FT reports, citing Telefonica CEO Cesar Alierta. According to Alierta, Telefonica could float the stake in Latin America to "send the message that the sum-of-the-parts [of the businesses] is much higher than the valuation of Telefonica".

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Categories: General
Companies: Telefonica- Movistar
Countries: Latin America
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