Telefonica sells Chilean mobile unit to NJJ and Millicom for 1.2 billion dollars
The Spanish telecom giant sold its Chilean mobile business to NJJ and Millicom on Tuesday. This move aligns with its strategy to focus on core markets.
Insights:
Telefónica, S.A. , headquartered in Spain 
ES, announced the completion of the sale of 100% of its mobile unit in Chile 
CL on February 10, 2026. The business was acquired by the French 
FR holding company NJJ and the Luxembourg 
LU-based Millicom International Cellular S.A. . The deal was signed and closed on the same day, marking a significant step in the restructuring of the Spanish firm's international assets.
ES, announced the completion of the sale of 100% of its mobile unit in Chile CL on February 10, 2026. The business was acquired by the French FR holding company NJJ and the Luxembourg LU-based Millicom International Cellular S.A. . The deal was signed and closed on the same day, marking a significant step in the restructuring of the Spanish firm's international assets.
