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General

Telefonica's Hispam unit worth EUR 13.5 bln - report

Monday 2 December 2019 | 09:59 CET | News
The new Hispam unit that Telefonica will create to hold its Latin American business (apart from Brazil) and attract investors has a total market value of EUR 13.5 billion, equivalent to around 14 percent of the group's assets, reports Expansion, citing an assessment by Goldman Sachs. The Spanish group has a total business value of EUR 95.1 billion, including a EUR 40.8 billion debt pile, and last week announced plans to spin-off and review its Latin American units, with the exception of Brazil, with a view to "modulating the exposure to the region, while creating the conditions to maximise

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Categories: General
Companies: Telefonica
Countries: Latin America / Spain
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