BN 03/24 17:00 *TELEFONICA AIMS TO CUT DEBT TO OIBDA RATIO TO LESS THAN 2.35X
BN 03/24 16:59 *TELEFONICA AGREES TO SELL O2 TO HUTCHISON FOR 10.25B POUNDS
BN 03/24 16:59 *TELEFONICA AGREES TO SELL O2 TO HUTCHISON FOR 10.25B POUNDS
Telefonica Agrees to Sell O2 UK to Hutchison for GBP10.25B
2015-03-24 17:07:03.68 GMT
By Charles Penty
(Bloomberg) -- Telefonica reaches definitive agreement to
sell O2 UK to Hutschison Whampoa for GBP10.25b firm value.
* Accord includes GBP9.25b initial payment, delayed payment of
GBP1b
* Telefonica aims to use substantial part of proceeds to cut
net debt/oibda ratio to less than 2.35X
* Telefonica comments in regulatory filing today
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cpenty@bloomberg.net
2015-03-24 17:07:03.68 GMT
By Charles Penty
(Bloomberg) -- Telefonica reaches definitive agreement to
sell O2 UK to Hutschison Whampoa for GBP10.25b firm value.
* Accord includes GBP9.25b initial payment, delayed payment of
GBP1b
* Telefonica aims to use substantial part of proceeds to cut
net debt/oibda ratio to less than 2.35X
* Telefonica comments in regulatory filing today
Link to Company News:{13 HK <Equity> CN <GO>}
Link to Company News:{TEF SM <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Charles Penty at +34-91-700-9654 or
cpenty@bloomberg.net