Telefonica to hold off on floating stake in LatAm unit

12 Feb 2013

Spanish telecoms giant Telefonica has reportedly postponed rumoured plans to sell a stake in its Latin American unit. According to the Financial Times, amid ‘improving investor sentiment towards Spain’, the proposed floatation will not move ahead at this time. However, the report claims that no final decision has been taken regarding the possibility of Telefonica divesting a stake in the unit.

Spain, Telefonica