Debt reduction: Telefónica to slim down by 31,000 radio masts
With the sale of 31,000 cell towers in Spain, Germany and South America, Spanish telephone giant Telefónica is making good progress in reducing its debt. Telefónica announced that the sale to ATC (American Tower Corporation) will raise EUR 7.7 billion. This should enable debt to be reduced by 4.6 billion euros and a profit of