Around the Net
Telefonica Mulls Latin American Split
- Fierce Wireless, Monday, October 29, 2012 11:57 AM
Telefónica could divide itself into two separate units--one for Europe and another for its operations in Latin America--in a plan to insulate the company from any further worsening in Spain's economic woes, according to CFO Ángel Vilá. Financing Telefónica's €58 billion debt is becoming increasingly costly due the high interest rates Spanish banks and companies are facing.
