The company that presides over Murtra He has agreed with Millicom for the sale of all of the shares that he holds in Colombia Telecommunications, representative of 67.5% of its share capital. “This operation is part of the Telefónica Group Asset Management Policy, and is aligned with its strategy to gradually reduce exposure to Latin America,” says Telefónica in a statement.
He Rental analyst 4 Iván San Félix Carbajoemphasizes that it is a “expected news after July 2024 agreed to negotiate a possible corporate operation.”
The expert points out that “this operation follows the Decversion process in Hispam that has accelerated under the direction of Marc Murtra” Beyond this operation in Colombia, this process has also resulted in the sale of its subsidiary in Argentina for about 1.2 billion euros and in the request of the creditors in Peru.
Recently the company announced that it will undertake a strategic review of its businesses in the heat of the current geopolitical changes, although the new road map will be made public in the second semester of the year.
“To this operation They could follow others such as sales from Peru, Mexico or Uruguay”, Highlights San Félix. Rent 4 gives a advice to ‘keep’ Telefónica, with an objective price of 4.60 euros that supposes a Alcista potential of almost 8% compared to current levels.
Today Telefónica’s shares rise 0.71% in the middle of the morning to 4.26 euros, with an accumulated revaluation so far from 2025 of 8%.