Spinoff Report
New Spin: Overhaul & Spinoff at European Telecom Co Marks Turnaround Opportunity
As part of a larger internal reorganization, Madrid-based telecommunications player Telefónica SA (TEF SM) announced its plan to Spinoff all of the Latin American operations excluding Brazil, the latter of which (alongside Spain, United Kingdom, and Germany) over 80% of total company revenues. The Spinoff will unify the disparate Latin American operations (including Argentina, Chile, Peru, Colombia, Mexico, Venezuela, Ecuador and Uruguay) into one listed unit.

  • Major Overhaul Announced with Spinoff of Latin American Business (Not Including Brazil)
  • Two Distinct Units (Tech & Infra) Created Within TEF (Ex-Spin) / Potential Spinoff/Sale Candidates
  • Key Areas to Watch in the Spinoff Transaction: Debt Transfer & Spinoff Growth Plans
  • Declining Parent Business' Reorganization Described as "New Era" for TEF by Current CEO
  • Expected Completion of Spinoff Undisclosed / TEF SM Enters the Upcoming EUR Spinoffs Calendar
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