Spain's Telefonica says not ruling out asset sales to cut debt
MADRID Nov 12 (Reuters) - Spanish telecoms group Telefonica on Wednesday said it could not rule out new asset sales as a way to cut debt and meet a year-end target of below 43 billion euros (54 billion US dollar).
"In order to get to the 43 billion euros target we will need to comply with some non-organic options: big portfolio management or big financial measures like a hybrid (debt issuance)," said Chief Financial Officer Angel Vila in a conference call with analysts. (1 US dollar = 0.8024 euro) (Reporting by Julien Toyer, Editing by Sarah White)
© Thomson Reuters 2016 All rights reserved.