Deals
Telefonica Said to Have Weighed Stake Sale to Qataris
This article is for subscribers only.
Telefonica SA, the Spanish carrier in talks to sell its U.K. mobile-phone business to Hutchison Whampoa Ltd., also considered selling a stake in itself to Qatar’s sovereign-wealth fund to help cut debt, three people with knowledge of the matter said.
Telefonica held talks with Qatar late last year over selling a significant holding to the gas-producing country via a multibillion-euro capital increase, the people said, asking not to be identified as the discussions are private.