Friday, 14 December 2018

Telefonica looking to sell out of Mexico, Central America

By Mary Lennighan, for Total Telecom
Tuesday 25 September 18

Spanish incumbent is holding talks on assets sales in a bid to reduce debt and could make an announcement in the coming weeks, press sources say

Telefonica is working on the sale of its Mexican business and of its Central American assets, according to a Mexican press report. The Spanish telco is mulling the move with a view to reducing its significant debt burden, El Economista reported on Monday, citing unnamed sources familiar with the situation. The operator has been working on the potential divestment of assets that it does not consider strategic for a number of months…

Telefonica is working on the sale of its Mexican business and of its Central American assets, according to a Mexican press report. The Spanish telco is mulling the move with a view to reducing its significant debt burden, El Economista reported on Monday, citing unnamed sources familiar with the situation. The operator has been working on the potential divestment of assets that it does not consider strategic for a number of months…

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