Brief: Telefonica Sells 100% Of Telefonica Moviles Chile

Telefonica SA

10/02/2026 14:17

Feb 10 (Reuters) - Telefonica SA TEF.MC:

SELLS 100% OF TELEFONICA MOVILES CHILE

TRANSFER OF SHARE CAPITAL TO NJJ HOLDING AND MILLICOM SPAIN

DEAL VALUED AT $1.22 BILLION

ADDITIONAL PAYMENT OF USD 150 MILLION SUBJECT TO POTENTIAL OCCURRENCE OF CERTAIN EVENTS IN CHILEAN TELECOMMUNICATIONS MARKET

DEAL INCLUDES CASH PAYMENT OF $50 MILLION PAYABLE AT CLOSING

DEAL ALSO INCLUDES DEFERRED PAYMENT OF $340 MILLION TO BE SETTLED BASED ON FINANCIAL RESULTS OF TELEFONICA CHILE

SIGNING AND CLOSING OF DEAL OCCURRED TODAY

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Further company coverage: TEF.MC

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