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Spain: Telefonica set for infrastucture unit sale by July

 |  January 11, 2016

Spain’s Telefonica has started to spin-off its domestic infrastructure unit and will seek to list or make a trade sale in a so-called ‘dual track’ offer process by mid-2016, a source familiar with the matter said on Monday.

Telefonica had indicated back in November that it was reviewing its portfolio of infrastructure assets in order to try and extract more value, having already sold over 1,000 masts to Spanish company Cellnex three to four years ago.

“The process has started, the new unit will be formally registered very shortly and Telefonica wants to move quickly on those plans,” the source said.

Full content: Reuters

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