Telefonica Board Discussed Selling Fiber-Optic Network -El Confidencial

Date : 07/02/2018 @ 6:33AM
Source : Dow Jones News
Stock : Telefonica Sa (TEF)
Quote : 8.59  0.0 (0.00%) @ 7:57AM

Telefonica Board Discussed Selling Fiber-Optic Network -El Confidencial

Telefonica (NYSE:TEF)
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--Telefonica's board of directors is debating a sale of its fiber-optic network, says El Confidencial, citing sources.

--A potential sale could bring down Telefonica's debt and lift the share price, El Confidencial says.

--The sources say there are concerns within the board over share-price performance, which has fallen over 10% since the beginning of 2018 and about 20% over the last twelve months, El Confidencial reports.

 

Full story in Spanish: https://bit.ly/2ILxc8L

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

July 02, 2018 06:18 ET (10:18 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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