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Telefonica sells LatAm assets for USD 500 mln

2013-04-30 09:55:00| Telecompaper Headlines

(Telecompaper) Telefonica has agreed to sell 40 percent of its assets in El Salvador, Guatemala, Nicaragua and Panama to Corporacion Multi Inversiones (CMI). Telefonica will maintain control of operations in El Salvador, Guatemala, Nicaragua and Panama, which will be merged into a joint venture. The value of the sale which is subject to obtaining the necessary regulatory approvals totals USD 500 million.

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