According to a report published in the Expansion newspaper, potential buyers for Telefonica’s Argentina arm includes Luxembourg-based Millicom, which also has presence across multiple Latin-American markets.
Meanwhile, other potential buyers also include French telecoms operator Iliad, along with Argentinian investors.
Subscribe today for free
This comes as the telecoms giant announced the exit of CEO, Jose Maria Alvarez-Pallete, after just shy of 9 years.
Replacing Jose Maria Alvarez-Pallete, the move was made last week after the telecoms giant decided to terminate Alvarez-Pallete’s contract and offer the role was offered to Marc Murtra, the chairman of defence company Indra, which he accepted.
However, in a filing to the stock market regulator, the company said the decision still needs to be approved by shareholders.
RELATED STORIES
