Telefonica sells 2,029 towers in Ecuador and Colombia
Telefonica has confirmed the sale of 2,029 towers in Ecuador and Colombia for €290 million to Phoenix Tower International.
Telefonica has confirmed the sale of 2,029 towers in Ecuador and Colombia for €290 million to Phoenix Tower International.
Group CEO José María Álvarez-Pallete has unveiled a five-point strategy which include prioritising Telefónica’s growth markets.
Google-owned balloon connectivity firm Loon has officially signed its second customer, Internet para Todos Perú, to deliver the internet to remote regions in the Peruvian Amazon.
Some might suggest this is a knee-jerk reaction to the intentions of an activist investor, though the vulture fund should not be able to claim credit for this one.
Liberty Latin America is now officially an independent, publicly-traded company, listed on the NASDAQ Global Select Market, after the split from parent-company Liberty Global.
A strong performance in Latin America has helped Spanish incumbent Telefónica drive revenues of €28.56bn for the first half of 2013, although that figure is down 7.8 per cent year on year. Latin America now accounts for 51.4 per cent of the firm’s consolidated revenues, with regional revenue growing at 10.4 per cent for the second quarter year on year. But currency volatility in the region had a negative impact on OIBDA margin, the firm said.
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