Spain's Telefonica Eyes O2 Stake Sale to Exit German Market -WirtschaftsWoche

Date : 03/08/2018 @ 6:01AM
Source : Dow Jones News
Stock : Telefonica Sa (TEF)
Quote : 8.0  0.0 (0.00%) @ 4:42AM

Spain's Telefonica Eyes O2 Stake Sale to Exit German Market -WirtschaftsWoche

Telefonica (NYSE:TEF)
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--Spain's Telefonica is considering selling its stake in subsidiary Telefonica Deutschland, exiting the German telecommunications market, WirtschaftsWoche reports, citing unnamed sources.

--Telefonica has been in initial discussions with investment banks, although it hasn't yet received any official acquisition inquiry for its stake in Telefonica Deutschland, which trades as O2, German business weekly WirtschaftsWoche said.

--Telcos without presence in Germany and financial investors appear to be eligible as buyers, according to WirtschaftsWoche.


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(END) Dow Jones Newswires

March 08, 2018 05:46 ET (10:46 GMT)

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