| Telefonica SA (TEF), the Spanish carrier in talks to sell its U.K. mobile-phone business to Hutchison Whampoa Ltd. (13), 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 multi-billion-euro capital increase, the people said, asking not to be identified as the discussions are private. Representatives for Telefonica and for Qatar’s sovereign wealth fund declined to comment...............................................Full Article: Source
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