Telefonica Sells Manx Telecom To HgCapital And CPS Partners
June 04 2010 - 5:24AM
Dow Jones News
Telefonica SA (TEF) said Friday it had agreed to sell Isle of
Man's Manx Telecom for GBP158.8 million to private equity firm
HgCapital and telecoms firm CPS Partners.
In a press release, Telefonica said the sale of Manx Telecom was
part of a series of non-strategic assets and was in line with its
policies of "financial discipline."
Manx Telecom is Isle of Man's most-important telecommunications
and Internet provider, Telefonica said.
Company Web site: www.telefonica.com
-By Jason Sinclair, Dow Jones Newswires, 34 913958127,
jason.sinclair@dowjones.com
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