We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

No room for error

21 October 2016 By Fiona Maharg-Bravo

After setbacks in selling both its O2 and infrastructure units, the Spanish telco won’t hit self-imposed debt targets by next year.  To avoid a fire sale, the objective should be scrapped. Axing the dividend and a ratings downgrade would sting, but would also limit the fallout.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)