Telefonica Sells Its Assets to MillicomThe company reported that it signed an agreement with Millicom S.A. for the sale of all shares of Telefonica Costa Rica, Nicaragua and Panama, closing the transaction at $1.65 billion.Thursday, February 21, 2019
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. Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Costa Rica: Reverse Move to Buy TelefonicaMay 2020 Millicom announced that it exercised its right to terminate the Share Purchase Agreement for the acquisition of Telefonica's operating subsidiary in the Central American country. Purchase of Telefonica in Costa Rica ApprovedSeptember 2019 The Superintendence of Telecommunications authorized the economic concentration requested for Millicom to acquire the shares of Telefonica de Costa Rica TC S.A. Telefonica Purchase Completed in PanamaAugust 2019 Millicom announced that it completed the acquisition of Telefonica Moviles Panama, S.A. through its subsidiary Cable Onda. Telefonica Completes Sale of Assets in NicaraguaMay 2019 The company reported that it has transferred the entire share capital of Telefónica Celular de Nicaragua, S.A. to Millicom International Cellular, S.A., for a price of $437 million.
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