Market Chatter: Telefonica Considers Sale of Venezuela Unit
MT Newswires Live
Sep 25
Telefonica (TEF) is eyeing a sale of its Venezuelan unit, Bloomberg reported Friday, citing unnamed people familiar with the matter.
The telecommunications company aims to exit the South American nation within a year, but unload the asset only with the approval of the US and Venezuelan governments, the report said.
The company has already been approached by potential buyers, the report said.
Telefonica did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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