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AMOV - America Movil SAB De CV News Story

$14.8 0.0  0.1%

Last Trade - 3:37pm

Sector
Telecoms
Size
Large Cap
Market Cap £34.90bn
Enterprise Value £59.31bn
Revenue £36.26bn
Position in Universe 252nd / 6851

BRIEF-Telefonica Sells Operations In Guatemala And El Salvador To America Movil For 570 Mln Euros

Fri 25th January, 2019 6:26am
Jan 25 (Reuters) - Telefonica SA  TEF.MC :
    * SAID ON THURSDAY ITS 60 PERCENT OWNED UNIT TELEFONICA
CENTROAMERICA INVERSIONES REACHED AN AGREEMENT WITH AMERICA
MOVIL TO SELL ENTIRE SHARE CAPITAL OF TELEFONICA MOVILES
GUATEMALA AND 99.3 PERCENT OF TELEFONICA MOVILES EL SALVADOR
    * AGGREGATE AMOUNT OF TRANSACTION FOR BOTH COMPANIES IS $648
MILLION (ABOUT 570 MILLION EUROS)
    * FROM TOTAL AMOUNT, 293 MILLION DOLLARS CORRESPOND TO
TELEFONICA
GUATEMALA AND 277 MILLION DOLLARS CORRESPOND TO TELEFONICA EL
SALVADOR
    * TRANSACTION IS EXPECTED TO GENERATE CAPITAL GAINS BEFORE
TAXES
AND MINORITIES OF ABOUT 120 MILLION EUROS, MAINLY FROM
TELEFONICA EL SALVADOR
    * CLOSING OF SALE OF TELEFONICA GUATEMALA HAS TAKEN PLACE ON
THURSDAY

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNMbkGW50
    
 Further company coverage:  TEF.MC  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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