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.

洞察:
Telefónica, S.A. , headquartered in Spain ESES, announced the completion of the sale of 100% of its mobile unit in Chile CLCL on February 10, 2026. The business was acquired by the French FRFR holding company NJJ and the Luxembourg LULU-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.
The logo of Spanish telecom company Telefonica is seen on a satellite transmission van in Malaga, Spain, on November 22, 2024. REUTERS/Jon Nazca
The logo of Spanish telecom company Telefonica is seen on a satellite transmission van in Malaga, Spain, on November 22, 2024. REUTERS/Jon Nazca
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