Four days after finalizing its definitive exit from Colombia for nearly 200 million euros, Telefónica has sold 100% of Telefónica Chile’s share capital to the investment firm NJJ—the investment vehicle of entrepreneur Xavier Niel—and the telecommunications operator Millicom.
The transaction is valued at $1.215 billion (€1.03 billion), with an additional payment of $150 million (€126 million at the current exchange rate) contingent upon specific events within the Chilean telecommunications sector. In total, the deal’s value could reach €1.156 billion.
As of December 31, 2025, Telefónica Chile’s net financial debt stood at €479 million. Telefónica’s stock price showed little reaction to the announcement, closing with a marginal decline of just 0.17%.
