April 30, 2013 / 6:16 AM / 4 years ago

Telefonica to sell 40 pct of Central America assets for $500 mln

1 Min Read

MADRID, April 30 (Reuters) - Spain's Telefonica said on Tuesday it had agreed to sell 40 percent of its assets in Guatemala, El Salvador, Nicaragua and Panama to Corporacion Multi Inversiones for $500 million.

The price of the sale could increase by up to $72 million according to the assets' future growth, it said in a regulatory filing.

Telefonica, which is fighting to shrink a net debt pile of 51.3 billion euros at end-2012, will keep control of the assets after the sale, the Spain's largest telecoms operator said.

Reporting By Paul Day; Editing by Tracy Rucinski

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below