US Edition18 Articles
18 Articles
The Spanish telecommunications giant Telefónica announced this Saturday the sale of its Ecuadorian subsidiary to the operator Millicom for $380 million, within its plan to reduce its presence in Latin America and focus on its main markets.“Today Telefónica Hispanoamérica, S.A., a wholly owned subsidiary of Telefónica, S.A., has reached an agreement for the sale to Millicom Spain, S.L. of all the shares held in Otecel S.A. (Telefónica Ecuador), r…
The Spanish operator continues its divestment policy in Hispanic America after sales from Colombia, Argentina, Peru and Uruguay
In the last few days, the news began to circulate about the departure of Paramount from the country.The group accelerated the sale of their business in Argentina and Chile and there is growing uncertainty about who will acquire Telefe.This Saturday in Mirtha's Night, the driver asked Pampito about the rumors circulating around the destination of the channel.The panelist told Dario Turovelzky, executive vice president of Broadcast and Latin Ameri…
Telefónica progresses in his departure from Hispanoamerica. After Argentina, Peru and Uruguay, it is Ecuador that leaves the perimeter. Mexico, Chile and Venezuela could be the following targets.
Telefónica has agreed to sell its subsidiary in Ecuador (Otecel) to Millicom Spain for 380 million dollars (around 330 million euros to the current change), according to the company on Friday night reported through the National Securities Market Commission (CNMV). "Today Telefónica Hispanoamerica, a wholly owned subsidiary of Telefónica, has reached an agreement for the sale to Millicom Spain of all the shares held in Otecel (Telefónica Ecuador)…
Telefónica takes a new step in its strategy of geographical concentration with the sale of Otecel, its subsidiary in Ecuador, to the Luxembourg Millicom group. The operation, valued at 380 million dollars (about 330 million euros at the current change), is part of the restructuring process that the company is carrying out in Latin America with the objective of focusing on priority markets and optimizing its portfolio of assets. The sale was comm…
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