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Telefonica hires Rothschild to help sell its Peru unit, El Confidencial reports

Published by Global Banking & Finance Review

Posted on March 6, 2025

1 min read

· Last updated: January 25, 2026

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Telefonica hires Rothschild to help sell its Peru unit, El Confidencial reports
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MADRID (Reuters) -Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, the El Confidencial news outlet

Telefonica Engages Rothschild to Facilitate Sale of Peru Unit

MADRID (Reuters) -Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, the El Confidencial news outlet reported on Thursday.

Last month, Telefonica sold its unit in Argentina for $1.245 billion as part of a strategy under new management led by Marc Murtra to gradually reduce exposure to Latin America.

Murtra, who took over as CEO in January, replacing Jose Maria Alvarez-Pallete, has said the company would complete a strategic review before the end of this year.

Telefonica declined to comment.

(Reporting by Emma Pinedo; Editing by Tom Hogue and Jan Harvey)

Key Takeaways

  • Telefonica has hired Rothschild to sell its Peru unit.
  • The Peru unit filed for bankruptcy protection last month.
  • Telefonica recently sold its Argentina unit for $1.245 billion.
  • CEO Marc Murtra is leading a strategic review of Latin America operations.
  • Telefonica aims to reduce exposure to Latin America.

Frequently Asked Questions

Who has Telefonica hired to assist with the sale of its Peru unit?
Telefonica has hired Rothschild to help sell its unit in Peru.
What recent financial move did Telefonica make in Argentina?
Last month, Telefonica sold its unit in Argentina for $1.245 billion.
Who is the new CEO of Telefonica?
Marc Murtra took over as CEO in January, replacing Jose Maria Alvarez-Pallete.
What is the purpose of Telefonica's strategic review?
Marc Murtra has stated that the company will complete a strategic review before the end of this year.
Did Telefonica provide any comments regarding the sale?
Telefonica declined to comment on the matter.

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