Tuesday, April 17, 2018

Telefónica and a halfway Verónica that imposes faced with few alternatives

The need to face new investments in Latin America and maintain its debt reduction plan makes the company to advance in the listing of some subsidiaries, despite the fact that the stock market is going through a period of uncertainty.

José María Álvarez-Pallete, president of Telefónica, had confirmed during the presentation of the results for the year 2017 that the sale of non-strategic assets would continue. And also, that progress would be made with the IPO of the subsidiaries of Argentina and the United Kingdom. Although in the latter case, he conditioned that said action would be carried out when the market conditions were optimal.

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