Spanish telco Telefónica is to sell 40% of its assets in El Salvador, Guatemala, Nicaragua, and Panama to Corporación Multi Inversiones in a US$500 million (€380 million) deal.
Telefónica will retain control of operations across the four countries, and its networks will be merged into a new joint venture.
The US$500 million deal, which is subject to regulatory approval, also includes the payment of an additional amount up to US$72 million based on operational performance over the next few years.
Telefónica said the deal, the value of which amounts to about 6.5 times EBITDA for 2012, is part of its policy of managing its portfolio of assets to increase the company’s financial flexibility.
REMINDER: Complete the survey "The UI and the customer: editorialisation, personalisation and engagement" by Octobe… twitter.com/i/web/status/1…
22 October 2020 @ 12:30:00 UTC
.@Technicolor partners with @Google for #AndroidTV hybrid device development digitaltveurope.com/2020/10/22/tec…
22 October 2020 @ 10:12:26 UTC
.@SamsungUK expands reach of TV Plus AVOD and adds new features digitaltveurope.com/2020/10/22/sam…
22 October 2020 @ 10:12:02 UTC
Deutsche TV-Plattform proposes plan for CI+ 2.0 roadmap digitaltveurope.com/2020/10/22/deu…
22 October 2020 @ 10:11:42 UTC
.@DisneyPlusUK introduces GroupWatch feature #DisneyPlus digitaltveurope.com/2020/10/22/dis…
22 October 2020 @ 10:11:33 UTC
