Spanish incumbent Telefonica is once again considering an exit from its call centre operation Atento, according to a stock market filing last week.
The operator is open to a sale or an IPO, it said without providing further details.
Last year, it was…
Spanish incumbent Telefonica is once again considering an exit from its call centre operation Atento, according to a stock market filing last week.
The operator is open to a sale or an IPO, it said without providing further details.
Last year, it was looking at a circa £1bn listing of Atento, which would be bulked up with a £50m acquisition of UK-based call centre operation Ventura, a subsidiary of local clothing retailer Next. However, the discussions never reached a formal stage.
At the time, it was reported that the money raised from the exit were to be used to finance M&A in emerging markets.
Telefonica has been trying to list a portion of Atento for some time. The company had to call off a planned flotation of a 20% stake in the group in 2008, with the then COO Julio Linares saying that such a move would have to wait until the market improved.
At the time, that stake had been valued at around E300m.
Telefonica was not available for comment by press time.
