Spain's Telefonica to raise up to 1.5 bln euros with Telxius IPO

(Updates with confirmation)
MADRID, Sept 20 (Reuters) – Spanish telecoms group
Telefonica said on Tuesday it would raise up to 1.5
billion euros ($1.68 billion) with the initial public offer of
shares in Telxius, its telecoms masts business, as it tries to
reduce its debt.
The Telxius share flotation comes after the sale of its
British mobile network operator O2 UK to rival operator CK
Hutchison for 10.25 billion pounds ($13 billion) was
blocked by Europe’s competition regulator ear