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General

Telefonica studies further asset sales – report

Thursday 4 April 2013 | 10:51 CET | News
Telefonica is considering another round of asset sales to meet its target of cutting net debt by over EUR 4 billion this year, Bloomberg reports, citing unnamed people with knowledge of the matter. According to these sources, the Irish and Czech units are first on the list of potential businesses for sale. Other candidates include Telefonica's remaining minority stake in China Unicom (Hong Kong) and assets in Central America, the people added. No decision has been made and no banks have been hired, the sources said.

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Categories: General
Companies: Telefonica Group
Countries: World
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