Marc Murtra, Executive Chairman of Telefónica since January 2025. Photo: Telefónica.
Guacamaya, April 15, 2025. Telefónica, the Spanish telecoms giant, is speeding up the sale of its subsidiaries in Latin America. After operating in 12 countries across the region, it will now retain only Venezuela, in addition to its businesses in Europe and a stake in China Unicom.
On Sunday, Telefónica finalized the liquidation of its loss-making operations in Peru. The acquisition by Argentina’s Integra Tec was made for a symbolic price of 900,000 euros but included a debt of 1.2 billion euros.
The multinational is also looking to complete the sales of its businesses in Mexico, Chile, Uruguay, and Ecuador. It has already sold its stakes in Argentina, Panama, Costa Rica, Nicaragua, Colombia, Guatemala, and El Salvador.
In total, Telefónica has completed sales worth 4.2 billion euros, and pending sales are estimated to bring in an additional 3.7 billion euros.
Paradoxically, in Venezuela, the company is investing $500 million to expand its 4G and 5G mobile networks after winning the auction for the frequencies.
