Spain's Telefonica Eyes O2 Stake Sale to Exit German Market -WirtschaftsWoche
March 08 2018 - 6:01AM
Dow Jones News
--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.
Full story: http://bit.ly/2oVbUhS
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(END) Dow Jones Newswires
March 08, 2018 05:46 ET (10:46 GMT)
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