MADRID, Feb 10 (Reuters) - Spanish telecoms giant Telefonica said on Tuesday it had sold 100% of its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, in line with its
Telefonica sells Chile unit to NJJ, Millicom for $1.2 billion
Telefonica's Strategic Sale of Chile Unit
MADRID, Feb 10 (Reuters) - Spanish telecoms giant Telefonica said on Tuesday it had sold 100% of its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, in line with its strategy of divesting from Latin America to focus on its core markets.
Details of the Transaction
The deal, which was signed and closed on Tuesday, had a fixed value of around $1.22 billion, Telefonica said, with an additional payment of $150 million linked to certain milestones in the Chilean telecoms market.
Financial Implications for Telefonica
Telefonica Chile had net financial debt worth 479 million euros ($571 million) at end-2025, Telefonica added.
Market Reaction and Future Outlook
($1 = 0.8393 euros)
(Reporting by David Latona; Editing by Andrei Khalip)
