MADRID (Reuters) – Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, El Confidencial news outlet reported on Thursday. Last month, Telefonica sold its unit in Argentina for $1.245 billion as part of a strategy – under new management led by Marc […]
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Telefonica hires Rothschild to help sell its Peru unit, El Confidencial reports
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MADRID (Reuters) – Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, El Confidencial news outlet reported on Thursday.
Last month, Telefonica sold its unit in Argentina for $1.245 billion as part of a strategy – under new management led by Marc Murtra – to gradually reduce exposure to Latin America.
Murtra, who took over as CEO in January replacing Jose Maria Alvarez-Pallete, has said the company would complete a strategic review before the end of this year.
Telefonica was not immediately available for comment.
(Reporting by Emma Pinedo; Editing by Tom Hogue)