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General

Telefonica close to selling Guatemala and El Salvador units for EUR 530 mln - report

Thursday 17 January 2019 | 09:22 CET | News

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Telefonica is close to finalising the sale of its Guatemala and El Salvador units for a total of around EUR 530 million, according to unnamed sources cited by Spanish business daily El Economista. The company has been working on the divestments since at least September and has accelerated the process in recent days, with Claro (America Movil) cited as the most likely buyer if anti-trust concerns can be overcome via concessions or remedies, said the sources. Another rival present in the region – Luxembourg-based Millicom – recently confirmed talks with Liberty Latin America on a potential

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Categories: General
Companies: America Movil / Claro / Liberty Latin America / Millicom / Telefonica
Countries: Central America / El Salvador / Guatemala
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