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Telefonica weighing EUR 2 bln undersea cable sale - report

Monday 9 November 2020 | 09:36 CET | News
Telefonica is in talks with international investors on the possible sale of its undersea cable network with a view to cutting debt, according to unnamed sources cited by business daily Expansion. The network is run by the company's telecommunications infrastructure subsidiary Telxius, which was integrated into Telefonica Tech last year. Telefonica is reportedly valuing the submarine-cable business at around 10 times its current EBITDA, equivalent to some EUR 2 billion, said the sources.

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Categories: Fixed
Companies: Telefonica / Telxius
Countries: Spain / World
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