Indebted company Telefonica (TEF) is reportedly evaluating listing its Latin American subsidiaries on the stock market.  The move follows on from the recent stock market listing of Telefonica’s German subsidiary O2

If the decision goes ahead, it would result in a new Spanish holding company, and floating a minority stake in the New York stock exchange and not on the local bourses.

The move would be designed solely to pay down group debt, and would only take place if group debt continues to be a concern to investors. The company currently has around EUR56 billion of debt, but expects to reduce that to EUR50 billion by the end of this year.

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