Wednesday, May 14, 2025

Telefónica's results were hit by divestitures in Argentina and Peru

It posted a loss of €1.304 billion in the first quarter of 2025, mainly due to losses of €1.731 billion from the sales of its subsidiaries in Argentina and Peru. The customer base reached 354 million accesses, driven by fiber rollout and, to a lesser extent, mobile postpaid.

Telefónica reported a loss of €1.304 billion in the first quarter of 2025, mainly due to losses of €1.731 billion from the sales of its subsidiaries in Argentina and Peru, which were sold for amounts below their book value.

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Globales · Operators14/05/2025

Telefónica's results were hit by divestitures in Argentina and Peru

It posted a loss of €1.304 billion in the first quarter of 2025, mainly due to losses of €1.731 billion from the sales of its subsidiaries in Argentina and Peru. The customer base reached 354 million accesses, driven by fiber rollout and, to a lesser extent, mobile postpaid.

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Telefónica reshapes Hispanoamérica: Colombia and Peru in play

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Perú · Operators14/04/2025

Telefónica sold its Peruvian subsidiary for € 900,000 in addition to debt of more than € 1.2 billion

The buyer is the Argentine firm Integra Tec International, which has no experience in the large-scale operation of telecommunications services. The purchase is being made in the midst of a bankruptcy proceeding. Telefónica del Perú stated that the operational transition is guaranteed due to the continuity of its management team and access to fresh funds to sustain business operations.

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