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General

Telefonica seeking up to USD 1 bln in Argentine unit IPO - report

Tuesday 17 April 2018 | 10:28 CET | News
Telefonica has hired Bank of America Merrill Lynch and Morgan Stanley to sell shares of its Argentine subsidiary through initial public offerings in Buenos Aires and New York, according to unnamed sources cited by Bloomberg. The company is seeking to raise between USD 500 million and USD 1 billion from the IPO, which is likely to occur in the second half of the year, said the report.

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Categories: General
Companies: Telefonica / Telefonica Argentina
Countries: Argentina
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Prepaid has 32% of the market
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