Spanish telecoms group Telefonica is considering listing a 20% stake in Telefonica Germany (O2), one week after saying it was preparing for an initial public offering (IPO) of the German unit and exploring potential listings of Latin American assets, Bloomberg cites three people familiar with the matter as saying. The unidentified sources said that Telefonica, which is struggling to cut its debt burden amid falling revenue and profit in its domestic market, is looking to raise as much as EUR2 billion (USD2.49 billion) from the sale. While an IPO for Telefonica Germany is the preferred option, a merger with E-Plus, the German wireless business of the Netherlands' KPN Telecom, remains an alternative, the report adds.
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OVETEL Telefonica may sell 20% stake in German unit, report says
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