Friday 12 October 2012

Spain: Telefonica to sell assets to reduce massive USD $75 billion debt bill

Telefonica the Spanish phone company has agreed to sell its Atento call centre division to help reduce more than $75 Billion of debt. The deal said to be worth around €1 Billion with the purchasers being Bain Capital. Shares in Telefonica are currently trading down at 0.18% After the surge in...

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