A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.