April 17, 2019 |
Telefónica's plan to sell its data centers in Latin America and around the globe will not necessarily translate into better credit ratings for the Spanish telecommunications company, LatinFinance has heard.
Telefónica could reportedly earn $700m to pay down debt from the sale 25 data centers, including 17 in Brazil, Colombia, Peru, Ecuador, Chile and Mexico, led by BBVA and Bank of America, according to the Spanish business daily Expansión.
"Telefónica has more than $40bn in debt, so I don't thi
Possible $700m sale will not likely lift the Spanish telecom's grade above BBB, analyst says