{"id":268414,"date":"2021-07-07T10:24:10","date_gmt":"2021-07-07T10:24:10","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=322642"},"modified":"2021-07-07T10:24:10","modified_gmt":"2021-07-07T10:24:10","slug":"telefonica-tipped-for-e500m-tech-unit-stake-sale","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/07\/07\/telefonica-tipped-for-e500m-tech-unit-stake-sale\/","title":{"rendered":"Telefonica tipped for \u20ac500M tech unit stake sale"},"content":{"rendered":"

<\/p>\n

\tTelefonica began exploring a sale of a minority stake in its Tech division, a move which could net it \u20ac500 million to aid debt reduction moves, Cinco Dias reported.<\/p>\n

The newspaper stated Telefonica planned to formally start a process offering 49 per cent of its Telefonica Tech subsidiary by the year end, hiring financial services providers KPMG and Morgan Stanley to oversee the move.<\/p>\n

Cinco Dias wrote several private equity companies had already expressed an interest, including UK-based Apax Partners. The newspaper added Telefonica Tech was valued at around \u20ac1 billion.<\/p>\n

The sale would reportedly contribute to debt reduction efforts: in Q1 the figure stood at \u20ac35.8 billion [1].<\/p>\n

Telefonica Tech was created [2] in November 2019 to provide cybersecurity, IoT, big data and cloud services to B2B customers.<\/p>\n

The unit booked revenue of \u20ac166 million in Q1, up 25.1 per cent year-on-year.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/telefonica-q1-results
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/telefonica-set-for-sweeping-restructure-spin-offs<\/p>\n\n

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Telefonica began exploring a sale of a minority stake in its Tech division, a move …<\/p>\n

The post Telefonica tipped for \u20ac500M tech unit stake sale<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Telefonica tipped for \u20ac500M tech unit stake sale - ITTeacherITFreelance.hk","description":"Telefonica began exploring a sale of a minority stake in its Tech division, a move ... The post Telefonica tipped for \u20ac500M tech unit stake sale appeared first"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/268414"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=268414"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/268414\/revisions"}],"predecessor-version":[{"id":268415,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/268414\/revisions\/268415"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=268414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=268414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=268414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}