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/Bloomberg

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Mexico’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.