Telefónica to sell central American assets to América Móvil

Telefónica has agreed the sale of key central American assets to regional telco América Móvil for €570 million. Telefónica’s Telefonica Centroamérica Inversiones investment vehicle, which is 60% owned by Telefónica and 40% by Corporación Multi Inversiones, has agreed to sell its Guatenalan and El Salvador units to América Móvil for US$648 million, with Telefónica Guatemala […]