MADRID May 30 Spain's Telefonica said
on Wednesday that it has started preparing to list its German
unit, Telefonica Alemania, and was looking into a similar
process for some of its Latin American businesses.
The company said these steps would accelerate its plan to
shed non-strategic assets, adding it would increase its
financial flexibility and help it reach a lower debt ratio in
Telefonica said would be paying out 1.50 euros per share to
shareholders for 2012, through a 1.30 euro dividend and the rest
made up with share buybacks.
(Reporting by Sarah White; Editing by Fiona Ortiz)