Telefonica raises EUR 1.9bn from property sell-off

By A staff reporter 2007-06-15T00:00:00+01:00

Telefonica has raised EUR 1.9 bn by selling more than 300 buildings, Spanish newspaper El Mundo reported. The Spanish telecommunications concern eventually aims to sell 350 properties in a process that began in 2002, the newspaper said.

Telefonica has raised EUR 1.9 bn by selling more than 300 buildings, Spanish newspaper El Mundo reported. The Spanish telecommunications concern eventually aims to sell 350 properties in a process that began in 2002, the newspaper said.

The company will retain its existing headquarters and another 25 iconic buildings in Spain, the newspaper said.