US EditionMillicom, NJJ seal $1.2B deal for Telefonica Chile
23 Articles
23 Articles
Entel's shares fell 12.63% this Tuesday, on a day marked by the purchase of Telefónica Chile by the Luxembourg Millicom and a decrease of 2.14% from the Ipsa, the main stock index of Chile. Now, with the Ipsa rising, Entel continues to decline, but at a lower pace. According to data from the Santiago Stock Exchange, Entel's stock fell 2.01% and scored three consecutive days to the down. Thus, the papers of the firm reached a value of $3,919,80 t…
Millicom will keep 49% of the Chilean subsidiary Telefónica, while NJJ will control the remaining 51%.
The French businessman is far from stopping at the borders of France alone. He has just carried out an important operation in Latin America!
Telefonica makes $1.2bn exit from Chile - Total Telecom
News The sale to NJJ and Millicom marks the latest step in Telefonica’s Latin American retreat This week, Telefonica has announced it has sold its Chilean mobile unit to Millicom and NJJ, a pair of companies both owned by French billionaire Xavier Niel. The deal, valued at $1.2 billion, will see NJJ take a 51% of the business and Millicom a 49% stake. Despite holding the smaller stake, Millicom will operate the business on a day-to-day basis. “T…
Millicom and NJJ acquire Telefónica’s Chilean unit
NJJ will hold a 51% stake in the new JV, with Millicom owning the remaining 49% In sum – what to know: Joint structure – Millicom takes a 49% stake alongside NJJ’s 51%, with obligations funded from the acquired company’s cash flows and no recourse to Millicom. Low upfront payment – Telefónica receives $50 million […]
Consenso del Mercado Renta 4 Telefónica has sold 100% of Telefónica Mobilees Chile to NJJ Holdings and Millicom Spain for an amount of 1,215 million dollars (about 1,030 million euros) and an additional payment of 150 million dollars (about 126 million euros) conditional on the possible occurrence of certain events in the Chilean telecommunications market. Telefónica will receive 50 million dollars (about 42 million euros) at the close of the o…
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