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in Costa Rica

Telefonica Looking To Sell Its Opertaions In Costa Rica And The Region

by Q COSTARICA Wednesday 23 January 2019, 5:37 pm 1k Views

Spain’s Telefonica, which operates in Costa Rica and Central America under the Movistar brand, is looking for a buyer.
Johanna Escobar, Telefonica’s director in Costa Rica
“Within the framework of its portfolio management policy based on a strategy of value creation and strategic positioning, it is in the process of negotiating the sale of its assets in Central America, which could result in a transaction, both for the total, as for any of said assets. To date, no agreement has been reached,,” said the statement.
Movistar operates in Costa Rica, Guatemala, Nicaragua, El Salvador, and Panama.
In 2013, Telefonica sold 40% of its regional operations (not including Costa Rica, where it retains 100% ownership) to Corporación Multi Inversiones for 400 million Euros, according to Spain’s El Pais newspaper.
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