Telefonica ( (ES:TEF) ) just unveiled an announcement.
Telefónica has sold its entire stake in Telefónica Móviles Argentina S.A. to Telecom Argentina S.A. for approximately 1.245 billion US dollars. This move aligns with Telefónica’s strategy to decrease its presence in Latin America, reflecting its broader asset management policy.
More about Telefonica
Telefónica, S.A. is a major telecommunications company that operates globally, providing a wide range of services including fixed and mobile telephony, broadband, and digital solutions. The company is focused on reducing its exposure in Latin America as part of its strategic asset management.
YTD Price Performance: 5.92%
Average Trading Volume: 2,178,328
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €23.56B
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