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Telefonica moves to cut debt

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By Euronews
Telefonica moves to cut debt

<p>Investors were pleased by Spanish telecommunications giant Telefonica’s announcement that it is to sell part of its German unit O2 to the public and its shares rose.</p> <p>In Behind Markets we look at how the company is addressing it huge debt pile and downgrades from the ratings agencies. </p> <p><strong>Click on the link above to watch the report</strong></p>