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


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.

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Comments (1)
  • Shelby Cardozo
    , contributor
    Comments (1588) | Send Message
     
    Unfortunately it's fire sales while paying down debt aren't helping shareholder value imo
    1 Mar 2013, 01:35 PM Reply Like
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