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Telef nica preparing $6 billion asset sale: source
2016-01-12 14:01:02| Telecom - Topix.net
Spain's Telefonica SA is preparing a possible sale of non-core assets worth EUR5 billion-EUR6 billion including telephony towers, a person close to the situation said Tuesday. The well-flagged move, first announced by Telefonica officials in November, would look to help the telecom company cut its debt pile, which currently stands at EUR49.7 billion--slightly above the company's market value.
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Category:Telecommunications