Telefonica Mulls $2.4 Billion Submarine Cable Sale

Telefonica Mulls $2.4 Billion Submarine Cable Sale: Expansion By Laura Millan Lombrana, Bloomberg November 7, 2020 Telefonica SA has begun talks with international investors to sell its submarine-cable network, Expansion reported citing unidentified market sources. The Madrid-based company hopes to value the business at about 2 billion euros ($2.37 billion), or as much as 10 times [...]