Telefonica, Argentina
· 3d
Spain's Telefonica sells Argentina subsidiary for $1.2 bn
Telefonica's Subsidiary Sells Entire Stake in Telefonica Moviles Argentina for $1.245 Billion
Telefonica's subsidiary TLH Holdco sold its entire stake in Telefonica Moviles Argentina and the entire share capital of its operation to Telecom Argentina for $1.245 billion. The Spanish telecommunications company said late Monday that the signing and closing of the transaction took place simultaneously the same day.
· 2d · on MSN
Milei to Review Telefonica’s $1.25 Billion Argentina Sale
JPMorgan upgraded Telecom Argentina (TEO) to Neutral from Underweight with a price target of $13, up from $10. The company’s acquisition of
Telefonica struck a deal to sell its unit in Argentina to Telecom Argentina for $1.3B, though the move is being assessed over monopoly fears.
The Argentine government announced that it will investigate the acquisition of Telefónica by Telecom to determine whether it creates a monopoly.
The Spanish telecommunications firm has been steadily reducing its exposure to Latin America, frequently with the help of Latham.
Spanish telecoms giant Telefónica has struck a deal to sell its Argentinian unit to Telecom Argentina for $1.245 billion. It follows reports last month that the carrier was in talks with both international and domestic suitors for the business.
In a report released yesterday, Andres Coello from Scotiabank maintained a Sell rating on Telecom Argentina (TEO – Research Report), with a
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