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General

Telefonica may push through Telxius IPO by Q4 - report

Wednesday 27 July 2016 | 09:38 CET | News
Telefonica may still proceed with the planned IPO of infrastructure division Telxius before the end of the year depending on market conditions, reports El Economista, citing unnamed sources with knowledge of the situation. The company last month delayed its already well advanced plans to list its infrastructure unit due to market instability following the UK vote to leave the EU. However, the report indicates that the preparations for the IPO could be resumed in August with a view to completing the stock market listing in the fourth quarter of the year.

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Categories: General
Companies: Telefonica / Telxius
Countries: Spain
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