Spanish mobile and broadband operator Telefónica, S.A. (BME:TEF) is considering selling a minority stake in its extensive Spanish fibre network following interest from the market, a source with knowledge of the sector told Reuters on October 05, 2021. The overall value of the vast infrastructure asset has been estimated at €15 billion ($17.4 billion), according to news outlet Bloomberg which first reported the potential divestment option. “The market is interested, there’s loads of interest from funds for a 15% - 35% stake,” the source within the sector said, noting that there were between five and 10 more serious contenders. “They keep the stake for a few years and are asking for 7% - 8% return on investment”. Telefonica declined to comment.