Milei to Review Telefonica’s $1.25 Billion Argentina Sale
This article is for subscribers only.
Argentina’s President Javier Milei warned Telefonica SA that his government will review the phone carrier’s plan to sell its local operations to Telecom Argentina SA for a possible breach of anti-monopoly rules.
Telefonica signed and closed the $1.25 billion deal on Monday after more than three decades in the country, according to a regulatory filing. The Spanish carrier has been working since late 2019 to cut its exposure to Latin America.