Telefonica (TEF -3.6%) is planning some big moves. The Euro/Latin American telecom giant, which...

|About: Telefonica S.A. (TEF)|By:, SA News Editor

Telefonica (TEF -3.6%) is planning some big moves. The Euro/Latin American telecom giant, which now sports a P/E below 6 and a 9% dividend yield, is eying and IPO for its O2 German subsidiary, and is also thinking of a public listing for its faster-growing Latin American ops, and changing its dividend structure. Telefonica claims the moves will help lower its high debt ratio.