Telefónica sells its subsidiary in Argentina to the group Clarín for 1,100 million euros

Eldiario.es

Lean Left

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The group Clarín is a conglomerate of media that also controls the operator of Telefónica Telecom. It is the first major operation that has Marc Murtra as president of the Spanish company after the replacement of José María Álvarez Pallete of the presidency of Telefónica Telefónica has closed the sale of its subsidiary in Argentina to the group Clarín, a conglomerate of media that also controls the operator of Telefonía Telecom, as has advanced …

economiadigital.es

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Marc Murtra faces Telefónica’s first results after assuming the group’s presidency last January. Teleco, which is accountable to the market next Thursday, has accelerated divestments in Latin America since then, with two agreements that exceed 1.5 billion jointly and other Hispanic markets in the focus of potential sales. Argentina and Colombia are the two countries in which Murtra has accelerated its sales. In the case of the country that gover…

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The Grupo Clarín, through Telecom, concluded yesterday the acquisition of Argentine subsidiary of Telefónica for an amount close to 1250 million dollars...

El Intransigente

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The purchase was made for $1,245 million. The National Government announced that the purchase would be reviewed in order to avoid the formation of a monopoly in the telecommunications sector. The post Telefónica sold its subsidiary in Argentina to Grupo Clarín appeared first on El Intransigente.

elfinancierocr.com

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The Spanish telecommunications giant Telefónica announced on Monday, February 24, an agreement to sell its subsidiary in Argentina for almost $1,245 million to Telecom Argentina, a company controlled by the Argentine media group Clarín. “Today, TLH Holdco, S.L.U., a wholly owned subsidiary of Telefónica, has sold all the shares it holds in Telefónica Móviles Argentina S.A (...) to Telecom Argentina” for a price of $1,245 million, announced the S…

lapiramide.net

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Telefónica concluded on Tuesday the sale of its operations in Argentina to Telecom, a telecommunications company whose owners are Cablevisión (of Grupo Clarín) -40%-, Fintech (of David Martínez) -40%- and other investors who bought shares in the open market -20%-. According to sources from the Spanish company to Infobae in Madrid, the operation was carried out for 1245 million dollars. With the confirmation of the transfer, Telecom was imposed o…