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Spain: Telefonica’s E-Plus buyout no threat to debt targets

By  |  July 26, 2013

Even with Spain telecommunications giant Telefonica’s planned buyout of Germany-based E-Plus, Telefonica reported it is on track to meet full-year debt targets following the news the company had cut borrowings to less than $66 billion in the first half. Telefonica announced last week plans to buy the unit of Netherlands-based KPN; the company also agreed last month to divest its Ireland unit to rival Hutchinson. Reports say the twin deals will likely place the company at odds with the European Commission.

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    Full Content: Reuters

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