According to anonymous sources, the telecoms giant aims to complete the sale before its annual shareholders meeting, which typically takes place in April or May, a report from Cinco Dias revealed.
In addition to its Mexican business, Telefonica reportedly listed its Argentine operations for sale and confirmed plans to sell a majority stake in its Colombian unit to Millicom.
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This move follows a sudden leadership change at Telefonica last month, when Jose Maria Alvarez-Pallete was replaced as CEO after 9 years.
As a result, the company has announced the appointment of Marc Murtra, the chairman of defence company Indra, as its new CEO.
Replacing Jose Maria Alvarez-Pallete, the move after the telecoms giant decided to terminate Alvarez-Pallete’s contract and offer Murtra the role, which he accepted.
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