The Diplomat in Spain
  • Frontpage
  • News
    • Spain
    • World
    • The world in Spain
    • Diplomatic Breakfast
    • Diplomacy with a history
    • The bag
    • Social life
    • Appointments
  • Tribune
  • VIP Club
  • Embassies
    • Embassies Directory
    • Protocol
    • International legislation
  • Discover Spain
  • UNWTO News
  • Leisure
    • Culture & Art
    • Entertainment
    • Movies
  • es Español
  • en English
  • Account
No Result
View All Result
  • Frontpage
  • News
    • Spain
    • World
    • The world in Spain
    • Diplomatic Breakfast
    • Diplomacy with a history
    • The bag
    • Social life
    • Appointments
  • Tribune
  • VIP Club
  • Embassies
    • Embassies Directory
    • Protocol
    • International legislation
  • Discover Spain
  • UNWTO News
  • Leisure
    • Culture & Art
    • Entertainment
    • Movies
No Result
View All Result
The Diplomat in Spain
No Result
View All Result

Telefónica sells El Salvador subsidiary to General International Telecom

January 14, 2022
in In brief

 

The Diplomat

 

Telefónica has closed the sale of its El Salvador subsidiary to General International Telecom el Salvador for USD 139 million (around EUR 121 million at current exchange rates).

 

The operator has thus transferred 99.3% of the company, which it owned in a joint venture with Corporación Multi Inversiones, in which it held 60%, as opposed to its partner’s 40%, the company informed the Comisión Nacional del Mercado de Valores (CNMV) yesterday.

 

The sale of the El Salvador subsidiary has been carried out for a multiple of seven times its gross operating profit (Ebitda), according to previous communications from the group.

 

Telefónica is thus furthering its strategy of reducing its exposure to markets considered non-strategic, such as Central America, where it has also sold its subsidiary in Costa Rica.

ShareTweetSend
Previous Post

The Instituto Rumano de Cultura recommends Mihai Eminescu's 'Cezara'

Next Post

Albares and Di Maio discuss the creation of a Spanish-Italian investment forum

The bag

Embassy staff expelled from Russia leave the country for Latvia

A group of sixteen Spaniards who worked at the Spanish Embassy in Moscow and who were expelled by the Russian authorities a week ago crossed the

More bags>

Hemeroteca

Receive our newsletter

We use MailChimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to MailChimp for processing. Learn more about MailChimp's privacy practices here.

  • Contacto
  • ¿Quiénes somos?
  • Aviso legal y Propiedad intelectual

© The Diplomat in Spain. All rights reserved.

  • English
  • Español (Spanish)
Account
  • Frontpage
  • News
    • Spain
    • World
    • The world in Spain
    • Diplomatic Breakfast
    • Diplomacy with a history
    • The bag
    • Social life
    • Appointments
  • Tribune
  • VIP Club
  • Embassies
    • Embassies Directory
    • Protocol
    • International legislation
  • Discover Spain
  • UNWTO News
  • Leisure
    • Culture & Art
    • Entertainment
    • Movies

© The Diplomat in Spain. All rights reserved.

Tanto nuestros partners como nosotros utilizamos cookies en nuestro sitio web para personalizar contenido y publicidad o analizar nuestro tráfico. Haciendo click consientes el uso de esta tecnología en nuestra web. Saber más