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Telefonica receives USD 400 mln offer for Movistar Uruguay - report

Monday 20 September 2021 | 11:49 CET | News
Uruguayan businessman and politician Edgardo Novick, a minority shareholder of pay-TV operator Supercanal, has offered around USD 400 million to acquire Telefonica's Movistar Uruguay subsidiary, reports Telesemana, citing unnamed official sources. Novick, who is also head of the "Partido de la Gente" party, submitted the bid on behalf of a foreign investment fund, said the report, adding that the executive has already discussed the bid with Uruguay's industry minister Omar Paganini and Mercedes Aramendia, head of telecommunications regulator Ursec.

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Categories: General
Companies: Movistar Uruguay / Supercanal / Telefonica
Countries: Uruguay
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