Telefonica Sells Private Jets, Becomes Less Mobile

Telefonica SA, the Spanish phone company whose net debt is bigger than its market value, plans to reduce its fleet of private jets as part of an effort to cut costs, two people familiar with the matter said.

Full Show: Best of Bloomberg Markets Middle East (07/22)
00:26 - Bloomberg's Yousef Gamal El-Din takes a look at the week's top stories and best interviews from the Middle East. (Source: Bloomberg)
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