TILTING AT IVORY TOWERS
“We are a flag for spain,” said Luis Solana, chairman of Telefonica, the state-controlled telecommunications company, one of the country’s highest-rated international borrowers. “We have to proceed very carefully. We cannot afford a disaster in the US. It is a risk not just for Telefonica but for the country.”
Telefonica is aiming to obtain a listing in New York by the first quarter of 1987. This year it floated shares in London, Frankfurt, Tokyo — where it is the most actively traded foreign share — and Paris, after outgrowing the Madrid exchange.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
