Telefonica's troubles may open door for KPN

Thursday 31 May 2012 | 15:53 CET | Author: Corina Schultz | Market Commentary
Telefonica has announced plans to pursue an IPO of its German unit, as part of efforts to reduce its debt. The economic turmoil in Spain is making it more difficult for the operator to manage its debts, and its operational performance in Spain continues to suffer. With a stock listing for the German unit, Telefonica opens a new avenue for financing investments, but this will only be a small step in solving its bigger financial problems.

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Categories: General
Companies: America Movil / Atento / Deutsche Telekom / E-Plus / KPN / O2 / O2 Germany / Telefonica- Movistar / Vodafone
Countries: Germany / Spain
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