Telefonica considers selling Argentina business, hires JPMorgan, report says

EditorMaria Ponnezhath
Published 29/01/2025, 07:40
© Reuters.

Investing.com -- Spanish telecommunications company Telefonica (NYSE:TEF) has enlisted the services of investment bank JPMorgan (NYSE:JPM) to assess the potential sale of its Argentina operations, according to a report published in the Expansion newspaper on Wednesday.

The list of prospective buyers for Telefonica's Argentina business includes Luxembourg-based Millicom, a company with a presence in various Latin American markets.

French telecoms operator Iliad, along with Argentinian investors, are also considered potential buyers, as per the Expansion report.

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