Telefonica ready to sell its assets in Argentina

Telefónica SA said it will stop investing in its subsidiaries in Argentina and other Latin American countries, except Brazil. In the 3rd quarter of 2019, Telefonica’s net debt increase 8.1%, to €38.3 billion ($42.1 billion). Telefonica’s executive president, José María Álvarez-Pallete, said that he is willing to sell, form alliances or obtain external investment to focus on the group’s most profitable markets (Spain, Germany, Brazil and UK).

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Source: Página 12

Categories: Business