Telefónica del Perú leaves the country amid bankruptcy proceedings

The Spanish company Telefónica announced on Sunday night the sale of its Peruvian subsidiary to Integra Tec International, as part of its strategy to focus on its main markets in the face of its heavy debt.“Telefónica Hispanoamérica, S.A., a wholly owned subsidiary of Telefónica, has sold all the shares held in Telefónica del Perú (...) to Integra Tec International,” the company reported in a statement sent to the Spanish Stock Exchange supervis…

Telefónica del Perú leaves the country amid bankruptcy proceedings

Telefónica has sold its Peruvian subsidiary, Telefónica del Perú, to Argentine company Integra Tec International for approximately US$ 992,000, marking its exit from the Andean country after three decades. The sale, part of Telefónica's strategy to reduce Latin American exposure, follows divestments in Argentina and Colombia.

Telefónica has put an end to its presence in Peru after three decades in the Andean country. The telecommunications company has sold all its participation in Telefónica del Perú (TdP) to the Argentine firm Integra Tec International for about 3.7 million Peruvian soles, equivalent to about 900,000 euros at the current exchange rate, according to the last hour of this Sunday to the National Securities Market Commission in a relevant fact. The figu…

The news of the sale of Telefónica Peru, although expected, has been a surprise to the markets for two reasons; the first, which has occurred more quickly than could be expected due to the complexity of the subsidiary, since it was in competition with creditors since last February. The second, the low selling price, 900,000 euros, which distances itself and much from the real economic valuation, problems apart, that analysts place at about 528 m…

Telefónica sells 99.3% of Telefónica Perú - in bankruptcy proceedings - for €900,000

The Corner Renta 4 | Telefónica HispAm, 100% owned by Telefónica, has sold the 99.3% stake it held in Telefónica del Perú to Integra Tec International. Furthermore, and as part of the agreement, Telefónica HispAm has sold to Integra the tax credits of up to €39 million that the former granted to Telefónica del Perú in February due to its financial restructuring. The sale price of its stake and the credits is...

Telefónica, chaired by Marc Murtra, transfers its business in Peru, with a debt of 1,240 million euros at the close of 2024, to the Argentine Tec Intenacional.