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Telefonica mulling EUR 500 mln sale of Tech unit stake - report

Wednesday 7 July 2021 | 12:00 CET | News
Telefonica is seeking to reduce its net financial debt by another EUR 500 million with the sale of a minority stake in its technology unit, according to unnamed financial sources cited by Spanish business daily Cinco Dias. The operator has hired KPMG and Morgan Stanley to seek a buyer, with private equity funds including Apax reportedly interested.

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Categories: General
Companies: Telefonica
Countries: Spain
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