Q COSTARICA
Telefonica, under its brand Movistar and the second largest in terms of users mobile operator in Costa Rica, is close to finalising the sale of its Guatemala and El Salvador units for a total of around EUR 530 million (US$600 million dollars).
The Spanish business daily El Economista reports the company has been working on the divestments since at least September and has accelerated the process in recent days, with Claro (America Movil) cited as the most likely buyer if anti-trust concerns can be overcome via concessions or remedies, said the sources.
Another rival present in the region – Millicom, operating regionally under the Tigo brandn – recently confirmed talks with Liberty Latin America on a potential acquisition of its shares.
Telefonica, headquartered in Spain, has also been
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