Telefónica, S.A. (CATS:TEF) has started to spin-off its domestic infrastructure unit and will seek to list or make a trade sale in a so-called 'dual track' offer process by mid-2016, a source familiar with the matter said. "The process has started, the new unit will be formally registered very shortly and Telefonica wants to move quickly on those plans," the source said.
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- Telefónica Reportedly To Spin-off Its Domestic Infrastructure Unit