A source told Reuters that Carlyle group has hired Goldman Sachs to advise it on the possible sale of its controlling stake in Spanish telecom operator Telecable which operates in Asturias, northern Spain.
Two sources with knowledge of the hiring and who confirmed the information said on Tuesday that the US based Private equity firm holds 85 percent of Telecable. Several small telecom firms offer services in the area, which analysts say are ripe for consolidation after a round of mergers among bigger operators in the country.
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No comment was made by Carlyle and Goldman.