Telefonica's Potential Sale of Chilean Business Aligns With Strategy -- Market Talk

Dow Jones

05/12

0915 GMT - Telefonica's potential sale of its Chilean business would fit the company's strategy, ING analyst Jan Frederik Slijkerman writes in a note, referring to a report in Spanish newspaper El Confidencial. The Spanish telecommunications company has been looking to gradually reduce its exposure to Latin America and has sold its Argentinean unit and its Columbian business. "A sale would bring further strategic focus to Telefonica and reduce the exposure to emerging markets currencies," he adds. Shares are down 1.5% at 4.41 euros. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 05:15 ET (09:15 GMT)

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The Spanish telecommunications company has been looking to gradually reduce its exposure to Latin America and has sold its Argentinean unit and its Columbian business. \"A sale would bring further strategic focus to Telefonica and reduce the exposure to emerging markets currencies,\" he adds. Shares are down 1.5% at 4.41 euros. 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Shares are down 1.5% at 4.41 euros. (najat.kantouar@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 12, 2025 05:15 ET (09:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}