Telefónica makes another Hispam withdrawal: pockets $380m Ecuador deal
Spanish group secures another wadge of cash to pay down debt by completing a sale of Telefónica Ecuador to regional peer Millicom. While Telefónica cannot get out of Hispanoamérica fast enough, Millicom is bulking its regional business up and out, talking up Ecuador as a “high potential market” with “solid” macro fundamentals.
This article includes:
- Themes: Asset portfolio management; Balance sheet strengthening; Bankruptcy protection; Debt reduction; Digital infrastructure investment; Digital services demand; Earnings leverage; Economic risk exposure; Financial base growth; Macro fundamentals; Market consolidation; Merger and acquisition (M&A); Mobile sector competition; Regulatory authorisations; Regional business expansion; Strategy update; Telecom investment; Youthful demographics.
- People: Marc Murtra; Xavier Niel.
- Geographic: Argentina; Bolivia; Brazil; Chile; Colombia; Costa Rica; Ecuador; El Salvador; Europe; Guatemala; Honduras; Luxembourg; Mexico; Nicaragua; Panama; Paraguay; Peru; Uruguay; Venezuela.
- Organisations: Claro Ecuador; Integra Tec International; La Superintendencia de Competencia Económica (SCE); Millicom; Millicom International Cellular; Telecom Argentina; Telefónica; Telefónica Chile; Telefónica Colombia; Telefónica Ecuador; Telefónica Peru; Telefónica Uruguay.
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