Brief: Telefonica Sells Telefonica Moviles Panama
29/08/2019 13:28
Aug 29 (Reuters) - Telefonica SA TEF.MC :
* CLOSES DEAL IN PANAMA FOR 536 MILLION EUROS
* TELEFONICA CENTROAMÉRICA INVERSIONES, 60% OWNED BY
TELEFONICA,
HAS TRANSFERRED ENTIRE SHARE CAPITAL OF TELEFONICA MOVILES
PANAMA, TO CABLE ONDA, A UNIT OF MILLICOM INTERNATIONAL CELLULAR
TIGOsdb.ST FOR 536 MILLION EUROS
* WITH THIS DEAL, CLOSES SALE OF THREE OF ITS OPERATIONS IN
CENTRAL AMERICA (GUATEMALA, NICARAGUA AND NOW, PANAMA) FOR A
$1,356 MILLION, 60% OF WHICH CORRESPONDS TO TELEFÓNICA
* TELEFONICA CENTROAMERICA INVERSIONES IS 40% OWNED BY
CORPORACION
MULTI INVERSIONES
* CLOSING OF SALES IN EL SALVADOR AND COSTA RICA IS PENDING
Source text for Eikon: ID:nCNMbBWQKc
Further company coverage: TEF.MC
(Gdynia Newsroom)
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