Telefónica coy on asset sales

Telefónica coy on asset sales

M&A Debt Corporate & Sovereign Strategy Mexico Central America Costa Rica El Salvador Guatemala Honduras Nicaragua Panama Europe

Spain's Telefónica will not say if it is in the final stages of selling its businesses in Mexico and Central America but adds that it expects the sale to take place as soon as possible. "I won't confirm or deny" that the sale is about to close, as the Spanish newspaper El Confidencial reported on December 3. "This is pure speculation, but we are actively reorganizing our portfolio, and Mexico keeps coming up because the returns have not been as expected." An M&A banker in New York said the E

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial