Telefónica Sells Movistar Uruguay to Millicom

Telefónica sells Movistar Uruguay to Millicom

The Spanish company Telefónica, through its subsidiary Telefónica Hispanoamérica, sold its Movistar Uruguay business to Millicom, a Luxembourg-based company operating under the Tigo brand, as part of its strategy to reduce its presence in Latin America. The transaction, announced to the Spanish National Securities Market Commission (CNMV), is now subject to regulatory approvals. It is also a part of Telefónica's asset divestment plan, following s

The large Spanish telecommunications company Telefónica announced the sale of its Uruguayan subsidiary for $440 million, as part of its plan to reduce its presence in Latin America and focus on its main markets. “Telefónica Hispanoamérica, S.A., a wholly owned subsidiary of Telefónica, has reached an agreement for the sale to Millicom Spain, S.L. of all the shares held in Telefónica Móviles del Uruguay,” the group said in a statement on Wednesda…

Telefónica accelerates its departure from Hispanoamerica. After leaving Argentina, Peru and Colombia, the telecom has announced that it has sold 100% of its subsidiary in Uruguay for 440 million dollars (about 389 million euros at the current change) to the Luxembourg operator Millicom Spain. The company captained by Marc Murtra is in the process to reduce its exposure in the region, make cash and thus be able to face concentration operations in…

Telefónica has reached an agreement for the sale to Millicom of all the shares held in Telefónica Móviles del Uruguay, representative of 100% of its share capital, for 440 million dollars (approximately 389 million euros at the current exchange rate), according to a statement sent last time this Wednesday to the National Securities Market Commission (CNMV).Continue reading

Everything has its end! The renowned Telefónica chain announced the definitive sale of its subsidiary in Uruguay, putting an end to more than 42 years of operations since its inception in 1982. The transaction, valued at almost 441 million dollars, is part of the new strategy that the company has been implementing in South America. In the following note, we tell you all the details. YOU CAN SEE: Movistar announces its definitive exit after 21 ye…

Telecom news: Ericsson plans export from India, Telefonica’s deal to sell Uruguay - TelecomLead

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