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General

Telefonica exploring sale of Mexico, Central America units - report

Tuesday 25 September 2018 | 10:17 CET | News

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Telefonica is exploring the total or partial sale of its Mexican and Central American units with a view to urgently reducing its debt pile and boosting its share price, according to unnamed sources cited by Spanish business daily El Economista. The company has been working secretly on the divestments for several months, said the sources, adding that talks with potential buyers are "fairly advanced" and that an agreement could be reached in the next few weeks if Telefonica's valuations are met.

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Categories: General
Companies: Telefonica
Countries: Central America / Mexico / Spain
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