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General

Telefonica plans LatAm IPO to cut debt

Friday 9 November 2012 | 12:21 CET | News
Telefonica could list Latin American subsidiaries in 2013, to cut debt, Reuters reports, citing chief financial officer Angel Vila. Telefonica says a spin-off of Latin American businesses via a share sale is an option as it works to cut borrowings built up over a decade of expansion. "No decision has been taken on such a transaction but we are working on preparations in case we decide to move ahead with it," Vila said.

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