Few details were known so far about the Latin American business holding company interested in being a “half-way” partner of Telefónica's Latin American businesses. The offer itself - according to El Mundo estimates - must also be defined and the specialists of the Colombian firm Cremades & Calvo Sotelo would be involved, hired for the task by the buyer; and on the other hand, Morgan Stanley who is at the service of Telefónica to look for partners or buyers of HispAm.