Telefonica sells troubled Peruvian unit for $1 million
1. TEF sells Peruvian unit for €900,000 amid bankruptcy filing. 2. This move could streamline operations and reduce liabilities for TEF.
FAQ
Why Bullish?
Selling a distressed asset reduces TEF's liabilities. Similar past sales have positively impacted stock performance.
How important is it?
The decision to divest a struggling asset signals strategic shift to enhance profitability.
Why Short Term?
Immediate impact expected from the asset sale, improving balance sheets quickly.