Telefonica is looking to sell its Chilean unit with Citi's help, aiming to reduce debt.

From Investing.com: 2025-05-12 02:40:00

Telefonica has enlisted Citi to help find a buyer for its Chilean business unit. The move is part of the company’s efforts to reduce debt and streamline operations. Telefonica’s Chilean unit is a significant player in the country’s telecommunications market, with over 3 million mobile customers. The sale could fetch around $1 billion.



Read more at Investing.com: Telefonica engages Citi to find buyer for Chilean unit – report