Telefonica could bring in €5 billion from Spanish fibre sale

Telefonica’s at it again – selling assets to pay down debt, if the latest newswire reports prove to be correct.
The Spanish operator is considering offloading a stake in its domestic fibre network and has held talks with advisors about the possibility of spinning out the business, Bloomberg reported, citing unnamed sources familiar with the matter.
Such a move could value the asset at €15 billion, the sources said. How much of that Telefonica would be able to use to reduce its d