Telefonica (TEF) sells its U.K. wireline voice/broadband opts to BSkyB (BSYBY.PK) for £200M...

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

Telefonica (TEF) sells its U.K. wireline voice/broadband opts to BSkyB (BSYBY.PK) for £200M ($300M). ISP Review observes the business had 560K subs as of Q4, down from a peak of 672L in Dec. '10. Telefonica has been working hard to pare its massive debt load: according to yesterday's Q4 report (.pdf) net debt fell by €5B in 2012 to €51.3B ($66.7B), and Telefonica is hoping to bring it under €47B ($61.1B) by the end of 2013.