US EditionEntel to Bid Alone for Telefonica Chile, Without America Movil
9 Articles
9 Articles
Consenso del Mercado Renta 4 Entel and América Móvil have broken their agreement to bid for the purchase of the assets of Telefónica Chile. We remember that at the beginning of October it was reported that América Móvil would buy the assets of mobile telephony and Entel those of fixed. In any case, both entities have reported that they will bid individually for the assets of Telefónica Chile. Rating: We understand that this break will delay the…
Read the original note in the following link: América Móvil and Entel conclude previous agreement in the middle of the asset-based process of Telefónica Chile América Móvil reported, via communication, the termination of the non-binding agreement it had with Entel to evaluate a possible joint offer for Telefónica assets and businesses in Chile, a decision that changes the scenario for both operators within the process of sale opened by the Spani…
Entel completed the memorandum of understanding with América Móvil to present an offer for Telefónica Chile’s assets. Meanwhile, the firm linked to the Mexican tycoon Carlos Slim commented that “it will individually explore its potential participation in this process.”
Telefonica Chile suitors sever alliance
America Movil and Entel terminated a non-binding agreement signed earlier this year which could have seen the pair make a joint offer for Telefonica assets in Chile, with the parties now mulling individual bids. In a stock market statement, America Movil revealed the agreement with Entel had been scrapped and it would “explore its potential participation” in a sales process initiated by Telefonica alone. Bloomberg reported Entel is also set to c…
In an official statement, issued from the parent company, the Mexican conglomerate America Movil, owner of the firm that operates under the name of Claro Chile in. our country, has reported that it has terminated a previous agreement with the Chilean company Entel, related to a possible non-binding proposal for the [...] The post Claro Chile puts an end to agreement with Entel by non-binding offer to buy Telefónica and will continue to advance i…
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