Link Securities | The president of Argentina, Javier Milei, has threatened to block the sale of Telefónica (TEF) in the country to Telecom, considering that it would create a monopoly formed thanks to decades of state benefits, according to Bolsamania.com. Depending on the versions circulating about the potential acquisition of Telefónica by Telecom, of the Clarín Group, the National Communications Agency (ENACOM) and the National Commission for the Defence of…

Link Securities | Telefonica’s Brazilian subsidiary has initiated a process of grouping and then splitting its shares in order to reduce operating and administrative costs and be more efficient in distributing profits to the firm’s shareholders, digital portal Bolsamania.com reported on Friday. According to the company, which operates under the name Vivo, the move will be put to a vote at an extraordinary general meeting on 13 March. If approved,…

Renta 4 | Telefónica Perú entered into an agreement in July 2023 with KKR and Entel Perú to give both entities a 54% and 10% stake, respectively, in Pangea, the wholesale fibre company in Peru. Telefónica would retain the remaining 36%. The transaction was completed at around 20x EBITDA and was expected to reduce net financial debt by approximately €200 million. However, Telefónica Peru announced on Friday that due to…