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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Telefonica S.A.    TEF   ES0178430E18

TELEFONICA S.A.

(TEF)
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Telefonica S A : hires banks to sell submarine cable business - Cinco Dias

11/30/2020 | 04:00am EST
A general view shows the Telefonica headquarters in Madrid

MADRID (Reuters) - Spanish telecom firm Telefonica has hired Societe Generale and Greenhill to sell the submarine cable business of its infrastructure unit Telxius as part of its wider divestment plan, Cinco Dias newspaper reported on Monday.

The sale of the submarine cable business would be followed by other corporate operations around Telxius, the newspaper reported.

Telxius will operate 100,000 kilometres of submarine cable globally by 2021, according to its website.

A Telefonica spokesman declined to comment. Neither Societe Generale nor Greenhill were immediately available for comment.

Telefonica has been looking for ways to lighten its debt burden. Chief Operating Officer Angel Vila said last month that Telxius would "contemplate all possible alternative strategies for its underwater-cable unit".

(Reporting by Inti Landauro and Isla Binnie; Editing by Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GREENHILL & CO., INC. 0.43% 14 Delayed Quote.14.83%
TELEFONICA S.A. -1.77% 3.767 Delayed Quote.18.18%
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Financials
Sales 2020 43 367 M 52 565 M 52 565 M
Net income 2020 1 834 M 2 223 M 2 223 M
Net Debt 2020 40 731 M 49 371 M 49 371 M
P/E ratio 2020 11,6x
Yield 2020 9,94%
Capitalization 21 090 M 25 616 M 25 563 M
EV / Sales 2020 1,43x
EV / Sales 2021 1,44x
Nbr of Employees 113 392
Free-Float 89,8%
Chart TELEFONICA S.A.
Duration : Period :
Telefonica S.A. Technical Analysis Chart | TEF | ES0178430E18 | MarketScreener
Technical analysis trends TELEFONICA S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 5,01 €
Last Close Price 3,84 €
Spread / Highest target 135%
Spread / Average Target 30,6%
Spread / Lowest Target -32,2%
EPS Revisions
Managers and Directors
NameTitle
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Ángel Vilá Vilá Boix Chief Operating Officer & Director
Laura Abasolo García de Baquedano Chief Financial & Control Officer
Alejandro Ramos Chief Information Security Officer
Isidro Fainé Casas Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
TELEFONICA S.A.18.18%25 616
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SAUDI TELECOM COMPANY3.77%58 585