Spain's Telefonica Sells Chile Unit in Latin America Pullout

Spain's Telefonica sells Chile unit in Latin America pullout

Spanish telecoms giant Telefonica announced the sale of its Chilean unit for $1.2 billion on Tuesday in its push to leave Latin America and concentrate on core markets elsewhere.

Telefonica sells Chile unit to NJJ, Millicom for $1.2 billion

Spanish telecoms giant Telefonica said on Tuesday it has sold its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, both owned by billionaire Xavier Niel, in line with Telefonica's strategy of divesting from Latin America to focus on its core markets.

Telefónica sells its Chilean business - LatinFinance

Spanish firm finds a joint buyer in Millicom and NJJ for the $1.22 bln-valued business The post Telefónica sells its Chilean business appeared first on LatinFinance.

For $1.2 billion: Spain's Telefonica sells Chile unit in Latin America pullout