Reducing debt, Telefonica will divest call center in deal with Bain

10/12/2012 | Bloomberg Businessweek

Telefonica has agreed to sell its Atento call-center business to Bain Capital Partners as part of its corporate program to reduce its debt of more than $75 billion through asset sales. The proposed transaction, valued at more than $1.3 billion, is expected to close by the end of 2012. Atento will continue to provide services to Telefonica for nine years under the deal.

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