“Telefónica Accelerates the sale of its Argentine subsidiary. ” This is the main title of the cover of the print edition of today, Wednesday, February 12, of the Spanish Business newspaper Expansion. The news, which had immediate impact on the media of our country, ensures that the Spanish telecommunications group He wants to close the sale “as soon as possible” and states that he already has “with five interested parties.”
In Telefónica Argentina, before a consultation of Scopethey refused to make comments to confirm or deny circulating information. However, sources close to the company noticed that “You have to pay attention to what can be announced” Thursday, February 27 in Madrid.
That day, the brand new president of Telefónica, Marc Murtra, will present the company’s operational results for 2024 In a press conference and it is estimated that the lump will not be able to dodge the consultations on the operation in Argentina, which is part of a broader disinvestment process In Latin America.
In rigor, the decision to sell assets in Argentina and other countries in the region was communicated in 2019 by the previous president of Telefónica de España, José María Alvarez Pallete, as part of A global restructuring plan of the company’s operations worldwide.
Then, Argentina’s output operation He slept several years Waiting to find offers according to the expectations of the Spanish Telco. And now it seems that the New Year brought firmer candidatesaccording to what expanded expansion.
The newspaper ensures that the group “has received samples of interest from Five potential business buyers in the South American countrywith those who have already closed the corresponding Confidentiality agreements to share confidential and sensitive information of the subsidiary ”.
“It is expected that the presentation of non -binding offers occurs in the coming weeks and it is estimated that the valuation It is around 1,000 million euros“, accurate.
Who appears on the list of candidates to keep Telefónica from Argentina
At the head of the candidate list is an old acquaintance of Argentina and Telefónica: the Mexican tycoon Carlos Slimwhose company América Mobe already operates in our country under the clear brand.
Other candidates signed by confidentiality agreements are, according to expansion, The French Telco Illiadowned by the tycoon Xavier Niel; and the American Global Liberty who is a telephone partner in Virgin Media O2, the subsidiary they share in the United Kingdom. He also quotes Argentine groups Werthein (DIRECTV OWNER) AND Olmos (TV chronicle), in these cases based on transcendents that were reproduced by the Buenos Aires press.
The operations that are with sale poster since 2019 are those that make up the business unit called Telefónica Hispam, which includes Argentina, Chile, Colombia, Ecuador, Peru, Mexico, Uruguay, Venezuela.
The group’s intention is to concentrate only on four markets: Spain, Germany, United Kingdom and Brazil.
Telefónica is in Argentina Since 1990when he participated in the privatization of the National Telephony Company (Entel) faced by the government of then President Carlos Menem. He currently concentrates his activities in the country under the brand Movistarwhich has 20 million cell phone customers and the Internet.
Source: Ambito
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