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Millicom and Billionaire Xavier Niel Strike Deal for Telefonica’s Chile Business
25 Articles
25 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!
Alphabet, Google's parent, seeks to raise US$15 billion with debt bondsBitcoin faced a 'black day': What happened, its recovery and the expectations of the cryptocurrencyTelefónica has sold 100% of its subsidiary in Chile to the French holding company NJJ Holding and Millicom Spain for US$1,215 million (about 1,030 million euros), in an operation aligned with its strategic plan presented last November, which seeks the departure of the company of…
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…
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