Telefonica said the move is part of its "policy of proactive management of its asset portfolio" and will "increase the company's financial flexibility". According to research firm Ovum, Telefonica has a higher debt burden compared to its peers, amassed partly in trying to build the Latin American footprint."Telefonica is fixated on reducing its debt at the moment and has been for the past couple of years," commented Jeremy Green principal analyst in Ovum's telco strategy practice. "This is why it sold off O2 UK's fixed line business and other business units.". Central America is politically and economically a stable region, by Telefonica's own admission. Its business in Europe on the other hand is not showing such stability, but according to Green, this move is not a sign that Telefonica is giving up on Latin America. 
Share:  <span class="company">Telefonica</span> said the move is part of its "policy of proactive management of its asset portfolio" and will "increase the company's financial flexibility".<span class="sent"> According to research firm Ovum, <span class="company">Telefonica</span> has a higher debt burden compared to its peers, amassed partly in trying to build the Latin American footprint."<span class="company">Telefonica</span> is fixated on reducing its debt at the moment and has been for the past couple of years," commented <span class="analyst">Jeremy Green</span> principal analyst in Ovum's telco strategy practice.</span> "This is why it sold off O2 UK's fixed line business and other business units.". Central America is politically and economically a stable region, by <span class="company">Telefonica</span>'s own admission. Its business in Europe on the other hand is not showing such stability, but according to Green, this move is not a sign that <span class="company">Telefonica</span> is giving up on Latin America. Tweet this   read full story