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Telefónica plans to raise US$1.85bn in new debt despite aim to slash leverage

Connectivity BusinessbyConnectivity Business
January 11, 2017
in Financing, Space Services
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Spain’s Telefónica plans to issue €1.75bn (US$1.85bn) of fresh debt despite concerns about the telco’s leverage levels. The telco had €60.1bn (US$63.5bn) total outstanding debt at the end of its fiscal year 2015. While €13.0bn (US$13.73bn) of that sum was set to mature in 2016, the company has €8.5bn (US$9bn) due this year, another €10.2bn (US$10.8bn) coming due in the next two years, and the […]

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