After the company reported in late January 2019 that for $648 million it had agreed to sell to America Móvil all the shares of Telefonica Guatemala and 99.3% of Telefonica El Salvador, it now announced that it had completed the sale process of the entire operation in Central America.

See "Telefonica Starts Selling Assets in the Region"

From the Telefonica S.A. press release:

TELEPHONE, S.A. ("Telefonica" or the "Company") in accordance with securities market legislation, communicates the following:

In Madrid, February 20, 2019. Today Telefonica reached an agreement with Millicom International Cellular, S.A. for the sale of the entire share capital of Telefonica de Costa Rica TC, S.A. (hereinafter, "Telefonica Costa Rica") and for the sale, by Telefonica de Costa Rica's subsidiary, Telefonica Centroamérica Inversiones, S.L., a company directly and indirectly owned 60% by Telefonica and 40% by Corporación Multi Inversiones, of the entire share capital of Telefonica Móviles Panamá, S.A. (hereinafter, "Telefonica Panamá") and Telefonica Celular de Nicaragua, S.A. (hereinafter, "Telefonica Nicaragua").

Read full press release (In Spanish).

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On May 16, Telefónica S.A. reported that "Following the communication published on February 20, 2019 (with entry registration number 274959), Telefónica announces that once the relevant regulatory approvals have been obtained, Telefónica Centroamérica Inversiones, S.L.., a company owned, directly and indirectly, 60% by Telefónica and 40% by Corporación Multi Inversiones, has today transferred the entire share capital of Telefónica Celular de Nicaragua, S.A. to Millicom International Cellular, S.A. for a price of 437 million dollars, approximately 390 million euros at the current exchange rate". Consult Telefónica's full press release.