February 28, 2013 / 4:26 PM / 5 years ago

Telefonica says will not float LatAm business

MADRID, Feb 28 (Reuters) - Spanish telecoms company Telefonica said on Thursday it would not go ahead with an initial public offering (IPO) of its Latin American businesses, a move it had previously considered in a drive to cut its debt.

“There is not going to be an IPO of Latin America...This is not a priority anymore to IPO our Latin American operations,” Chief Executive Cesar Alierta said on a conference call with analysts. (Reporting by Clare Kane; Editing by Paul Day)

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