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Telefónica Sells Its Subsidiary in Ecuador to Millicom for 330 Million Euros

Summary by El Pais
The Spanish operator continues its divestment policy in Hispanic America after sales from Colombia, Argentina, Peru and Uruguay

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El PaisEl Pais
Reposted by
www.larazon.eswww.larazon.es
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The Spanish operator continues its divestment policy in Hispanic America after sales from Colombia, Argentina, Peru and Uruguay

·Spain
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Telefónica progresses in his departure from Hispanoamerica. After Argentina, Peru and Uruguay, it is Ecuador that leaves the perimeter. Mexico, Chile and Venezuela could be the following targets.

Telefónica takes a new step in its strategy of geographical concentration with the sale of Otecel, its subsidiary in Ecuador, to the Luxembourg Millicom group. The operation, valued at 380 million dollars (about 330 million euros at the current change), is part of the restructuring process that the company is carrying out in Latin America with the objective of focusing on priority markets and optimizing its portfolio of assets. The sale was comm…

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The forecasts of what Telefónica has in mind and what it will continue to do in the coming months continue to be fulfilled. In the last hours, the company has communicated an important decision that again demonstrates what its priorities are. At midnight. This is how Telefónica has issued an important communiqué that is represented as another step of the operator to leave behind the presence that has had, for years, in Latin America. It is the s…

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This operation is the fifth to close in 2025 with Murtra as president, following sales from Argentina, Peru, Colombia and Uruguay. More information: Telefónica injects 348 million into its subsidiary in Chile while reducing its presence in Hispam by half in three months.

·Spain
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lacronicabadajoz.comlacronicabadajoz.com
Reposted by
elcorreoweb.eselcorreoweb.es

Telefónica has agreed to sell its subsidiary in Ecuador (Otecel) to Millicom Spain for 380 million dollars (around 330 million euros to the current change), according to the company in the evening of this Friday through the National Securities Market Commission (CNMV).

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El Economista broke the news in on Friday, June 13, 2025.
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