Spanish telecoms giant Telefonica has announced that it is launching preparations for an initial public offering (IPO) of its German unit and is considering potential listings of businesses in Latin America, accelerating the disposal process of non-core assets. Telefonica is struggling to cut its debt burden amid falling revenue and profit in its domestic market. The firm did not say how much of Telefonica Germany (O2) – the country’s fourth largest mobile network operator by subscribers – it would seek to list, nor did it specify which Latin American units were being considered
Read More:
OVETEL Telefonica eyes IPO of German unit, exploring Latam listings
No comments:
Post a Comment