Telefónica has sold its entire stake in Telefónica México to the Melisa Acquisition consortium—comprised of Oxio and Newfoundland Capital Management—for an amount of $450 million US (approximately €389 million), as reported late Tuesday to the National Securities Market Commission (CNMV).
The transaction is being carried out through Telefónica Hispanoamérica, a company 100% owned by the group, and includes the sale of 100% of the capital of the companies Pegaso PCS and Celular de Telefonía, which together make up Telefónica México.
Prior to the sale of its Mexican subsidiary, Telefónica had already sold or agreed to sell the vast majority of its main subsidiaries on the continent. It closed operations in Ecuador, Uruguay, Colombia, Argentina, Peru, and Chile between 2025 and early 2026, as part of a divestment process that excludes Vivo, its Brazilian subsidiary and most profitable unit.
The transaction amount corresponds to the ‘firm value’ agreed upon by the parties, which may be subject to the customary adjustments for this type of transaction.
The closing of the sale is subject to obtaining the relevant regulatory authorizations and the fulfillment of certain conditions set forth in the contract.
