0
General

Argentina's Gruppo Olmos in talks to acquire Movistar Uruguay

Thursday 13 May 2021 | 13:47 CET | News
Argentinian holding company Grupo Olmos, owner of the pay-TV channel Cronica TV, is in talks to acquire of Telefonica's Uruguayan subsidiary and has hired former Telefonica Spain president Luis Miguel Gilperez to lead the negotiations, reports local daily Clarin. The move was confirmed by the holding company's president Raul Olmos, who said Swiss investment bank UBS has been hired to structure the financial terms of the transaction, which forms part of the international expansion plans of Grupo Olmos.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Movistar Uruguay / Telecom Argentina / Telefonica
Countries: Uruguay
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica looking to sell logistics subsidiary Zeleris for EUR 100 mln - report

Published 17 May 2021 10:53 CET | Spain
Telefonica is looking to follow the sale of its Telxius tower division and stakes in its Chilean and German fibre units by ...

Telefonica improves LatAm revenue trend on Colombia, Chile boost

Published 13 May 2021 10:26 CET | Latin America
Telefonica reported first quarter revenues of EUR 1.94 billion for its operations in Latin America, down 0.2 percent year on year ...

Telefonica Q4 revenues down 3% in Latin America, grows postpay

Published 25 Feb 2021 09:39 CET | Latin America
Telefonica said its operations in Latin America posted a 2.5 percent organic decline in total revenues to EUR 1.93 billion in the ...

Telefonica steps up talks to sell Chile subsidiary - report

Published 05 Jan 2021 10:07 CET | Chile
Telefonica has stepped up the process to find a buyer for its Movistar Chile subsidiary, with Liberty Latin America emerging as ...

Liberty LatAm examining acquisition of Telefonica's Colombia and Ecuador units - report

Published 16 Dec 2020 12:03 CET | Colombia
Liberty Latin America (LLA) is examining the possibility of acquiring Telefonica's Movistar Colombia and Movistar Ecuador ...

Telecom Argentina to boost Uruguay investment, eyes Telefonica unit - report

Published 07 Dec 2020 11:57 CET | Uruguay
Telecom Argentina intends to significantly increase its investment in Uruguay over the coming months and explore the possibility ...

America Movil aborts deal to acquire Telefonica's El Salvador unit

Published 04 Sep 2020 09:20 CET | El Salvador
America Movil has announced the termination of its deal to acquire 99.3 percent of Telefonica's Movistar El Salvador unit due to ...

Liberty Latin America acquires Telefonica's Costa Rica unit for EUR 425 mln

Published 30 Jul 2020 10:17 CET | Costa Rica
Telefonica has announced an agreement to sell its mobile telecommunications assets in Costa Rica to Liberty Latin America for a ...

Telefonica picks Morgan Stanley to head review of LatAm activities - report

Published 13 Jan 2020 09:50 CET | Latin America
Telefonica has selected US investment bank Morgan Stanley to carry out an analysis of its operations in Latin America, reports ...

Telefonica names new Latin America team, looks to 'maximise value' of Hispam unit

Published 18 Dec 2019 09:18 CET | Latin America
Telefonica has approved the organisational structure of the new Hispam unit created to hold its Latin American business (apart ...

Telefonica unveils plan to spin off LatAm business and prioritise Spain, Brazil, UK, Germany

Published 28 Nov 2019 09:23 CET | Brazil
Telefonica has announced a major organisational restructure following a meeting of its board of directors. The company's 5-point ...

Gayo confirmed as head of Telefonica Spain in management shake-up

Published 30 Jan 2018 15:01 CET | Spain
Telefonica has announced the appointment of Emilio Gayo as the new head of its Spanish unit (Telefonica Espana), confirming ...