{"id":183379,"date":"2025-06-14T09:13:10","date_gmt":"2025-06-14T09:13:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/183379\/"},"modified":"2025-06-14T09:13:10","modified_gmt":"2025-06-14T09:13:10","slug":"spains-telefonica-sells-its-ecuador-unit-at-380-million","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/183379\/","title":{"rendered":"Spain&#8217;s Telefonica sells its Ecuador unit at $380 million"},"content":{"rendered":"\n<p class=\"yf-1090901\">MADRID (Reuters) -Spanish telecom company Telefonica said late on Friday it had reached an agreement with Luxembourg-based Millicom International to sell 100% of the shares of its Ecuador unit Otecel S.A. for 380 million dollars.<\/p>\n<p class=\"yf-1090901\">The transaction aimed to further reduce the Spanish company&#8217;s exposure to Latin America, after it recently sold its businesses in Uruguay, Peru and Argentina to focus on Spain, Brazil, Britain and Germany.<\/p>\n<p class=\"yf-1090901\">Telefonica had agreed a month ago to also sell its Uruguayan unit to Millicom, which operates telecom companies all over Latin America under the brand Tigo.<\/p>\n<p class=\"yf-1090901\">The company had to book an accounting loss of 1.7 billion euros ($1.9 billion) during the last quarter from the disposals in Peru and Argentina.<\/p>\n<p class=\"yf-1090901\">(Reporting by Ana Cantero; Editing by Toby Chopra)<\/p>\n","protected":false},"excerpt":{"rendered":"MADRID (Reuters) -Spanish telecom company Telefonica said late on Friday it had reached an agreement with Luxembourg-based Millicom&hellip;\n","protected":false},"author":2,"featured_media":183380,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5312],"tags":[2000,299,75271,104,35347],"class_list":{"0":"post-183379","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-spain","8":"tag-eu","9":"tag-europe","10":"tag-millicom-international","11":"tag-spain","12":"tag-telefonica"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114680955174178208","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/183379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=183379"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/183379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/183380"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=183379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=183379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=183379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}