All Latin America articles – Page 3
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Partnerships & AlliancesProsegur plots LatAm expansion with “ally” Telefónica
Prosegur outlines plans to copy-paste Movistar Prosegur Alarmas JV model in overlapping LatAm footprint. MPA continues to grow customer base in latest results.
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M&A
Telefónica’s El Salvador sale under review by regulator
$144m deal cannot go ahead without authorisation. SC has 90 business days to reach a decision.
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M&A
Telefónica sells El Salvador unit at the second attempt
Honduran financiers acquire Telefónica El Salvador for a cut-price $144m following breakdown of negotiations with América Móvil in 2020. Move completes Telefónica’s exit from Central America.
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Network & Infrastructure
Movistar Chile and Nokia link on university 5G campus
Chilean operating business inaugurates first 5G test campus outside country’s Metropolitan Region.
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Suppliers & SCM
Ciena, Infinera tapped for submarine capacity
Telxius expands on existing partnerships with vendor pair to launch 400Gbps Ethernet across its 100,000km of underwater cable. Higher bandwidth and speed potential showcased.
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Venturing & Investments
Telefónica-backed VC fund targets ‘global champions’
Telefónica joins Kanoar to launch Leadwind as “anchor investor”. Targets scale-ups in Europe and Latin America, with investments of up to €15m and partnerships within the Telefónica ecosystem.
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Venturing & Investments
Wayra opens wallet for security startup Gabriel
£8.8m total funding raised in Series-A round. Startup eyeing growth opportunities in domestic market and beyond. Telefónica teaming up on the distribution of home security solutions in LatAm.
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Venturing & Investments
Telefónica Innovation & Venturing Roundup: Open Future seeks disruptive startups
Advisory group Mountside helping Wayra ensure businesses are “investor-ready”; Open Future seeks new generation of disruptive startups; regional Wayra hubs enter partnerships.
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Strategy & Change
Elsewhere in Telefónica Hispanoamérica: regulatory headaches in Argentina & Peru
Regulatory decisions go against Telefónica in Argentina and Peru.
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M&A
Telefónica nearing Uruguay exit?
New suitor emerges as Telefónica considers bid for Uruguayan unit. Local politician leading acquisition push on behalf of consortium partners. Reported bid falls some way short of independent valuation.
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Public Affairs
Telefónica on edge as rambunctious Peru government beds in
Reports highlight fears that multinationals in Peru may face tougher opposition in trading and taxation disputes as the new Peruvian administration develops its strategy under a strongly left-leaning President. Risks the future of a local Telefónica InfraCo; could face complications in a challenging political climate.
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Network & Infrastructure
Telefónica Argentina and Sion buddy up on provincial fibre
Argentinian OB to lean on third-party infrastructure to extend connectivity to harder-to-reach communities. Movistar looking at expanding reach of its city-centric FTTP footprint.
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Network & Infrastructure
Telefónica gets nod for Colombian open RAN trial
Two Telefónica projects advance to a testing phase in Colombia’s Regulatory Sandbox initiative. Open RAN project builds on Internet para Todos rollout in Latin America. SOC targets real-time network experience monitoring.
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Operations
Vivo Empresas gets hiring to accelerate digital sales
B2B unit to ramp up commercial activity through New Talents scheme. Hybridised work schedule on offer to applicants.
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M&A
Telefónica finalises Telxius tower sale as infra deals flow
American Tower acquires last tranche of 31,000 Telxius towers for €7.7bn, with deal set to reduce Telefónica net debt by €4.6bn. Fibre InfraCos in Latin America ramp up, with KKR expanding its relationship with the Group. Digital businesses also restructuring with Telefónica Tech spreading its influence.
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Enterprise (B2B)
Movistar Empresas joins IBM’s telco cloud club
Telefónica Colombia explores edge solutions for businesses with IBM’s Cloud for Telecommunications. New dimension for IBM’s cloud engagements with Telefónica Group.
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Suppliers & SCM
Movistar preps 5G backhaul with SIAE Microelettronica
Italian supplier scores another microwave deal in Latin America. Another building block for coming 5G launch.
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Financial & Performance
Q2/H1 FY21: Abasolo hails revitalised Hispam
15-quarter streak of negative headline reported figures broken. Buoyant management considers new asset-light operating model can prove longterm value of the regional OBs to the Group. Contract mobility and fibre broadband positioned as central to commercial turnaround.
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Strategy & Change
Elsewhere in Telefónica Hispanoamérica: Peruvian regulatory headaches
CAF gives Telefónica relationship a ‘new normal’ reset; Peruvian regulatory headaches persist, as Telefónica’s fines mount and OB questions payTV clampdown.
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M&A
Telefónica said to be negotiating PangeaCo stake sale
Peruvian fibre business reportedly on the market, as Group’s Hispam monetising plans evolve further. PangeaCo to take form of Brazilian/Chilean equivalent, assuming part-sale goes through.
