Telefónica Seeks Partner or IPO for Latin America, According to Sources

Potential partners include AT&T, Millicom International Cellular and Liberty Latin America, sources said.

RIO DE JANEIRO, BRAZIL - Telefónica (VIVT4) is considering seeking a strategic partner for its new unit in Latin America, or, as an alternative, launching an Initial public offering (IPO) in order to monetize its position in the region outside Brazil, according to sources in the field.

The telecommunications operator has started to talk to potential advisors about the options and is studying two ways: seeking an industrial investor or selling its stake . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?