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General

Telefonica sells Guatemala, El Salvador units to America Movil for EUR 570 mln

Friday 25 January 2019 | 09:19 CET | News
America Movil has announced a deal to acquire Guatemala and El Salvador operations from Telefonica for a total of EUR 570 million. In a short statement, the Mexican telecommunications giant said it paid EUR 293 million for 100 percent of Telefonica's Guatemalan assets and EUR 277 million for 99.3 percent of Telefonica El Salvador. The transaction is subject to customary closing conditions, including regulatory approval for the El Salvador deal. It added that the acquisitions will boost its position in Central America, where it plans to provide next-generation services including 5G.

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Categories: General
Companies: America Movil / Telefonica
Countries: Central America / El Salvador / Guatemala
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