Telecom
America Movil, Entel Make Joint Bid for Telefonica Chile
The sale is part of Telefonica Chairman Marc Murtra’s plan to divest non-core markets as part of a sweeping review.
Photographer: Manaure Quintero/BloombergMexico’s America Movil SAB de CV and Chile’s Empresa Nacional de Telecomunicaciones SA are working on a joint bid for Telefonica’s Chile unit, according to people familiar with the matter.