Telefónica plots intricate course towards Venezuelan exit
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3 Articles
Once again, the possible sale of Movistar Venezuela is reactivated, the operation carried out in that country by the Spanish telecommunications company Telefónica. According to information from the financial agency Bloomberg, Telefónica received unsolicited offers in the last time to buy Movistar Venezuela and this motivated the managers to get to work [...] The entry <h4 class="pais">Venezuela: </h4>Telefónica received offers by Movistar Venezu…
Telefonica weighs sale of Venezuelan unit
Telefonica is reportedly considering the sale of its Venezuelan subsidiary within the next 12 months but is waiting for more favourable conditions before launching a formal process. Bloomberg reported the operator received unsolicited approaches from potential buyers, including preliminary discussions with Miami-based private equity firm LARA Fund, although those talks did not progress. The news agency’s sources said Telefonica is seeking to fin…
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