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Telefonica Mulls Latin American Split

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. 

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