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Telefonica Mulls Sale of German Landline Operations

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Spain's Telefonica is mulling the sale of its German landline assets as part of the company's attempts to pay d own its debt pile.

Citing people familiar with the matter, Bloomberg News said that the company is tapping into renewed interest in landline and fixed broadband assets.

Telefonica currently has around 2.4 million broadband customers, and the network with their customers could be sold to one of its rivals in the country, the sources told Bloomberg.

The business has a value of as much as USD2.6 billion, including debt, based on prices of similar assets. Telefonica recently agreed to sell its UK based landline internet business to the TV broadcaster, BSkyB for just over US$300 million.

However, the report also said that the company is also in talks about sharing its mobile network with other networks, and contemplating a full merger with KPN's E-Plus unit -- a merger which was only recently ruled out by both companies.

On the web: Bloomberg News

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Tags: telefonica