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Telefónica Advances to Leave Mexico and Latin America
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5 Articles
One of the factors that are marking Marc Murtra’s presidency in Telefónica is the departure from Latin America. Since taking over from José María Álvarez-Pallete last January, after his resignation after more than a decade in office, the director has stepped on the accelerator in his divestment strategy. Thus, the president of the Spanish mobile operator intends to improve his position to boost consolidation operations in the telecommunications …
Telefónica is moving forward to get out of the business in Mexico. Image: Press Room Telefónica. Telefónica (Movistar) would be advancing exclusive conversations to sell its Mexican subsidiary and leave another business in the region. This was revealed this Friday by Reuters, which learned that the Spanish group is currently negotiating with Beyond ONE, the company that owns Virgin Mobile Mexico. The new dialogues are part of Telefónica’s strate…
With the sale of Mexico, Telefónica accelerates its departure from Hispanoamerica and will only keep its business balance in Chile and Venezuela.
The Spanish company Telefónica is in exclusive talks to sell its business unit in Mexico to Beyond ONE, owner of Virgin Mobile, according to sources close to the negotiations. The telecommunications firm has adopted a new strategy to reduce its participation in the Latin American market because profitability is below the cost of capital. The new CEO of the company, Mac Murtra, seeks to focus on its four main markets: Germany, Brazil, Spain and G…
The Spanish telecommunications giant Telefónica is in exclusive conversations to sell his Mexican business to Beyond ONE, owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations told Reuters agency. The Spanish company has accelerated its plans to reduce its exposure in Spanish-speaking Latin America, where profitability is lower than the cost of capital, and instead focus on four main markets under the new executive pres…
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