February 14, 2025 - 11:17
Spanish telecom giant Telefonica has reportedly enlisted the services of investment bank JPMorgan to facilitate the sale of its Mexican business. According to a report by Cinco Dias, which cites unnamed financial sources, the company aims to complete this transaction prior to its annual shareholders meeting, typically scheduled for April or May.
The decision to divest its Mexican operations reflects Telefonica's ongoing strategy to streamline its portfolio and focus on core markets. While details regarding potential buyers and the valuation of the Mexican business remain undisclosed, the move underscores the company's commitment to optimizing its assets amid a challenging telecommunications landscape.
As of now, a spokesperson for Telefonica has refrained from providing any comments on the matter, leaving analysts and investors to speculate on the implications of this potential sale. The outcome of the sale could significantly impact Telefonica's position in the Latin American market and its overall business strategy moving forward.
