Latest news with #TelecomArgentina
Reuters
4 days ago
- Business
- Reuters
Spain's Telefonica reshapes Latin America strategy after leadership change
June 16 (Reuters) - Spanish telecom giant Telefonica ( opens new tab has accelerated plans to reduce its exposure in Spanish-speaking Latin America, where profitability is lower than capital cost, to focus instead on four main markets under new CEO Marc Murtra. Following both an ownership and a management shake-up in the last year, Telefonica has withdrawn from many countries in southern America, building on a process that began with the sale of some Central America units in 2019. Telefonica's market focus will now be on the four core businesses of Brazil, Britain, Germany and Spain, and Murtra plans to introduce a new strategy for the company in the second half of this year. Below is a list of developments within the Group's Latin America operations: Telefonica has hired investment bank JP Morgan (JPM.N), opens new tab to sell its Mexican business, newspaper Cinco Dias reported in February, citing unidentified financial sources. Asked about the process during an earnings call in February, Murtra said he would not comment on deals until they were signed. Telefonica said it was selling its unit in Argentina to Telecom Argentina ( opens new tab for $1.245 billion. In March, Argentina's presidential office suspended the acquisition on anti-trust concerns. Telefonica agreed to sell its Peruvian unit in April to Argentina's Integra Tec International for about 900,000 euros ($1.04 million). Its Peruvian unit had filed for bankruptcy protection in February. Telefonica booked 1.7 billion euros in capital losses in the first quarter on the sale of its units in Peru and Argentina. Telefonica has not announced any plans for selling the unit. In February, Jose Luis Rodriguez, the local head of mobile phone unit Movistar said it planned to invest $500 million in the country over two years to expand 4G and 5G services. Telefonica agreed in March to sell its majority stake in the Colombian unit for $400 million to New York-listed Millicom International (MICC.F), opens new tab, which operates telecom companies across Latin America under the brand Tigo. Telefonica has agreed to sell its Uruguayan unit for $440 million to Millicom. Telefonica has agreed with Millicom to sell its unit in Ecuador for $380 million. Telefonica has hired Citi as an adviser to sell its Chilean business, news website El Confidencial reported on May, citing unidentified market sources. Telefonica declined to comment. Telefonica sold its mobile phone unit in El Salvador in 2021 to General International Telecom in a deal valued at $144 million. Telefonica sold its Panama unit in 2019 to Millicom for 536 million euros. Telefonica sold its Costa Rica unit in 2020 to Liberty Latin America, in a $538 million transaction. Telefonica's mobile telecom assets in Nicaragua were sold to Millicom in 2019 acquired for $437 million. Telefonica sold its operations in Guatemala to rival America Movil ( opens new tab for 293 million euros in 2019. Telefonica's Sao Paulo-listed unit Telefonica Brasil ( opens new tab is part of its four "core businesses". The subsidiary carried out several small acquisitions, such as cloud services firms IPNET and IPNET USA, for up to 230 million reais ($41.49 million) last July. ($1 = 0.8639 euros) ($1 = 5.5437 reais)
Yahoo
4 days ago
- Business
- Yahoo
Factbox-Spain's Telefonica reshapes Latin America strategy after leadership change
(Reuters) -Spanish telecom giant Telefonica has accelerated plans to reduce its exposure in Spanish-speaking Latin America, where profitability is lower than capital cost, to focus instead on four main markets under new CEO Marc Murtra. Following both an ownership and a management shake-up in the last year, Telefonica has withdrawn from many countries in southern America, building on a process that began with the sale of some Central America units in 2019. Telefonica's market focus will now be on the four core businesses of Brazil, Britain, Germany and Spain, and Murtra plans to introduce a new strategy for the company in the second half of this year. Below is a list of developments within the Group's Latin America operations: MEXICO Telefonica has hired investment bank JP Morgan to sell its Mexican business, newspaper Cinco Dias reported in February, citing unidentified financial sources. Asked about the process during an earnings call in February, Murtra said he would not comment on deals until they were signed. ARGENTINA Telefonica said it was selling its unit in Argentina to Telecom Argentina for $1.245 billion. In March, Argentina's presidential office suspended the acquisition on anti-trust concerns. PERU Telefonica agreed to sell its Peruvian unit in April to Argentina's Integra Tec International for about 900,000 euros ($1.04 million). Its Peruvian unit had filed for bankruptcy protection in February. Telefonica booked 1.7 billion euros in capital losses in the first quarter on the sale of its units in Peru and Argentina. VENEZUELA Telefonica has not announced any plans for selling the unit. In February, Jose Luis Rodriguez, the local head of mobile phone unit Movistar said it planned to invest $500 million in the country over two years to expand 4G and 5G services. COLOMBIA Telefonica agreed in March to sell its majority stake in the Colombian unit for $400 million to New York-listed Millicom International, which operates telecom companies across Latin America under the brand Tigo. URUGUAY Telefonica has agreed to sell its Uruguayan unit for $440 million to Millicom. ECUADOR Telefonica has agreed with Millicom to sell its unit in Ecuador for $380 million. CHILE Telefonica has hired Citi as an adviser to sell its Chilean business, news website El Confidencial reported on May, citing unidentified market sources. Telefonica declined to comment. EL SALVADOR Telefonica sold its mobile phone unit in El Salvador in 2021 to General International Telecom in a deal valued at $144 million. PANAMA Telefonica sold its Panama unit in 2019 to Millicom for 536 million euros. COSTA RICA Telefonica sold its Costa Rica unit in 2020 to Liberty Latin America, in a $538 million transaction. NICARAGUA Telefonica's mobile telecom assets in Nicaragua were sold to Millicom in 2019 acquired for $437 million. GUATEMALA Telefonica sold its operations in Guatemala to rival America Movil for 293 million euros in 2019. BRAZIL Telefonica's Sao Paulo-listed unit Telefonica Brasil is part of its four "core businesses". The subsidiary carried out several small acquisitions, such as cloud services firms IPNET and IPNET USA, for up to 230 million reais ($41.49 million) last July. ($1 = 0.8639 euros) ($1 = 5.5437 reais) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
22-05-2025
- Business
- Bloomberg
Telecom Argentina Debt Sale Defies Telefonica Deal Scrutiny
Telecom Argentina SA tapped international debt markets following its acquisition of Telefonica SA 's local unit, a deal that has stoked fierce opposition from President Javier Milei's government. The company sold $800 million of bonds due in 2033, according to people familiar with the matter. The notes priced at 98.862 cents on the dollar with a 9.5% yield, the people added, asking not to be identified because they are not authorized to speak publicly.
Washington Post
12-05-2025
- Business
- Washington Post
Telecom Argentina: Q1 Earnings Snapshot
BUENOS AIRES, Argentina — BUENOS AIRES, Argentina — Telecom Argentina SA (TEO) on Monday reported earnings of $84.4 million in its first quarter. The Buenos Aires, Argentina-based company said it had net income of 20 cents per share. The telecommunications company posted revenue of $1.29 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TEO at
Yahoo
25-03-2025
- Business
- Yahoo
AI WAN Leads IP Networks into the Intelligent Era, Accelerating New Service Growth for Carriers
PARIS, March 25, 2025 /PRNewswire/ -- March 24, 2025, during the MPLS & SRv6 AI Net World Congress 2025, Huawei hosted the successful IP GALA themed "AI WAN: Leading IP Networks into the Intelligent Era." The summit brought together carriers, standards organizations, and industry organizations to explore the latest trends in AI WAN innovation. Leading carriers, including Telecom Argentina and Turkcell Türkiye, shared their innovative practices of IP networks. Meanwhile, Huawei offered a deep dive into how its AI WAN solution empowers IP networks using AI. The event also saw the launch of the AI WAN Initiative by the IPv6 Forum, World Broadband Association (WBBA), Turkcell Türkiye, Telecom Argentina, European Advanced Networking Test Center (EANTC), and Huawei, aiming to promote the evolution of IP network innovation and deployment. Zuo Meng, President of Huawei's Router Domain within the Data Communication Product Line, said in his opening speech that carriers are now facing several challenges, including stagnant growth of traditional services, slower-than-expected development of new services, and both high network complexity and costs, necessitating upgrades to next-generation networks. By introducing AI to areas such as O&M, connections, and routing devices, Huawei's AI WAN solution helps enhance network capabilities and value. Latif Ladid, President of the IPv6 Forum, believes that the integration of AI into network infrastructure like AI WAN is a necessity for the future. To accelerate the deployment of SRv6, the IPv6 Forum launched the SRv6 Ready Logo Program, with Huawei being one of the first device vendors to pass the certification. Santiago Costanzo, Transport Evolution Manager of Telecom Argentina, shared the deployment and innovative practices of key technologies for IP networks in the AI era. He noted that SRv6 helps carriers improve E2E automation efficiency and achieve deterministic latency. In the AI era, Telecom is using AI technologies to simplify O&M and improve efficiency, creating value for customers. Durmus Mehmet, Turkcell's IP/MPLS Core and Data Center Networks Associate Director, revealed that Turkcell is building an ultra-broadband and highly reliable autonomous network to provide differentiated services for customers. He emphasized that Turkcell recognized the evolution direction of AI WAN and will work with Huawei to conduct joint innovation centered on energy saving, FHC-based fiber monitoring, AI application identification, and AI agents. Xu Huan, Vice President of Huawei's Router Domain within the Data Communication Product Line, provided expert insights into the AI WAN solution. He explained that this innovative solution features a three-layer architecture consisting of AI routers, AI new connections, and AI new brain. The solution helps carriers build networks with optimal TCO, expand new services, improve operations efficiency, and drive new service growth. Wu Qin, Huawei's data communication network architect and IETF Internet Architecture Board (IAB) Member, stated that the AI new brain consists of AssurSpirit, ChangeSpirit, and OptimSpirit. Through large-small model collaboration, the three AI agents enable intelligent operations and accelerate the evolution to Autonomous Networks (AN) L4. Zied Ben Houidi, Chief LLM Expert of Huawei's Data Communication Product Line, also shared the application of AI on IP networks. Carsten Rossenhövel, CTO and Co-Founder of the European Advanced Networking Test Center (EANTC) — an authoritative third-party test organization in Europe — shared the progress of multi-vendor interoperability test in 2025. This indicates that the key capabilities of IP networks in the AI era have reached a higher level of maturity in terms of interoperability. At the end of the IP GALA, the IPv6 Forum, WBBA, Turkcell Türkiye, Telecom Argentina, EANTC, and Huawei jointly launched the AI WAN Initiative to promote the evolution of IP network innovation and deployment. Looking ahead, Huawei will continue to work with carriers and industry partners to explore new markets in the intelligent era, help customers achieve business success, and accelerate new service growth. SOURCE Huawei Sign in to access your portfolio
