Madrid, Feb 24, 2025 (AFP) - Spain's Telefonica sells Argentina subsidiary for $1.2 bn

NAMPA / AFP
2025-02-25
Spanish telecommunications giant Telefonica agreed to sell its Argentine subsidiary to Telecom Argentina for $1.2 billion on Monday, prompting libertarian President Javier Milei's government to announce an investigation over competition concerns. The transaction with the company controlled by Argentine media giant Clarin Group is part of Telefonica's drive to "gradually reduce" its exposure in Latin America, the company said in a statement submit......
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