Telefonica weighing Spanish fibre unit stake sale, report says

6 Oct 2021

Telefonica is considering options for its Spanish fibre network, Bloomberg reports, citing people familiar with the matter. As per the report, the Madrid-based group has spoken with potential advisers about a carve-out of the unit ahead of a possible stake sale to a new investor. Any transaction could value a standalone Spanish fibre business at around EUR15 billion (USD17.4 billion), the sources indicated. Due to the complexities of such a deal, it has been suggested that it will likely take until 2022 for Telefonica’s management team to conclude its negotiations, however.

Spain, Telefonica, Telefonica Espana (Movistar)