{"id":305701,"date":"2021-10-15T10:42:16","date_gmt":"2021-10-15T10:42:16","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=330350"},"modified":"2021-10-15T10:42:16","modified_gmt":"2021-10-15T10:42:16","slug":"telefonica-agrees-fresh-el-salvador-deal","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/15\/telefonica-agrees-fresh-el-salvador-deal\/","title":{"rendered":"Telefonica agrees fresh El Salvador deal"},"content":{"rendered":"

<\/p>\n

\tTelefonica struck an agreement to sell its Movistar unit in El Salvador to UK-based General International Telecom for $144 million, its latest move to shift its portfolio towards value creation after a previous deal with America Movil [1] went phut.<\/p>\n

Announcing the move in a statement, Telefonica explained the deal involves the entire 99.3 per cent share capital it holds in the Movistar unit.<\/p>\n

It said the amount agreed equalled approximately seven-times the unit\u2019s operating income before depreciation and amortisation in 2020.<\/p>\n

Clarifying the reasons for the move, Telefonica stated it formed part of its asset management policy based on \u201ca strategy of value creation, improving return on capital\u201d.<\/p>\n

Closing of the deal is subject to certain conditions, including clearance by relevant regulatory bodies.<\/p>\n

Such conditions acted as hurdles for a previous intention by Telefonica to sell the unit to America Movil for $315 million announced in 2019 [2], including terms around [3] spectrum use and alleviating competition concerns.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/america-movil-telefonica-terminate-el-salvador-deal
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/america-movil-snaps-up-telefonica-assets
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/america-movil-sees-movement-on-el-salvador-deal<\/p>\n\n

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Telefonica struck an agreement to sell its Movistar unit in El Salvador to UK-based General …<\/p>\n

The post Telefonica agrees fresh El Salvador deal<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Telefonica agrees fresh El Salvador deal - ITTeacherITFreelance.hk","description":"Telefonica struck an agreement to sell its Movistar unit in El Salvador to UK-based General ... The post Telefonica agrees fresh El Salvador deal appeared first"},"footnotes":""},"categories":[11,8],"tags":[9967],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/305701"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=305701"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/305701\/revisions"}],"predecessor-version":[{"id":305702,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/305701\/revisions\/305702"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=305701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=305701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=305701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}