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    TEF   ES0178430E18

TELEFÓNICA, S.A.

(TEF)
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Telefónica Plans to Raise EUR 500 Million with the Sale of A Minority Stake in Its Technology Unit

07/07/2021 | 06:00am EDT

Telefónica, S.A. (BME:TEF) plans to raise as much as EUR 500 million ($591.35 million) with the sale of a minority stake in its technology unit, Cinco Dias newspaper reported on July 7, 2021, citing financial sources. Telefonica has hired advisor KPMG and investment bank Morgan Stanley and potential buyers include private equity funds such as Apax Partners, the newspaper said. Telefonica is ready to sell up to 49% of the unit, which is initially valued at EUR 1 billion. The unit includes cybersecurity, Internet of Things an cloud computing operations, Cinco Dias said. The sale would be part of a wider Telefonica plan to reduce its debt by selling assets. A spokesperson for Telefonica declined to comment.


© S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
TELEFÓNICA, S.A. 0.65% 4.0985 Delayed Quote.26.30%
WISDOMTREE CLOUD COMPUTING UCITS ETF - ACC - USD -0.05% 59.96 Delayed Quote.12.66%
All news about TELEFÓNICA, S.A.
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Analyst Recommendations on TELEFÓNICA, S.A.
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Financials
Sales 2021 39 316 M 46 071 M 46 071 M
Net income 2021 9 852 M 11 545 M 11 545 M
Net Debt 2021 34 303 M 40 197 M 40 197 M
P/E ratio 2021 2,44x
Yield 2021 7,32%
Capitalization 22 950 M 26 874 M 26 893 M
EV / Sales 2021 1,46x
EV / Sales 2022 1,46x
Nbr of Employees 111 490
Free-Float 89,3%
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Technical analysis trends TELEFÓNICA, S.A.
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Mean consensus OUTPERFORM
Number of Analysts 30
Last Close Price 4,10 €
Average target price 4,68 €
Spread / Average Target 14,1%
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Managers and Directors
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Laura Abasolo García de Baquedano Chief Financial & Control Officer
Alejandro Ramos Chief Information Security Officer
Ángel Vilá Vilá Boix Chief Operating Officer & Director
Peter Erskine Independent Non-Executive Director
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