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 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Telefónica reportedly seeks Mexico sale

 

 

   Details    Manny Pham    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     14 February 2025     13384 views   

 

  ![Telefónica reportedly seeks Mexico sale](https://developingtelecoms.com/images/stories/Places/800x600/Mexico_City_Zocalo_Cathedral600.jpg)  

 

Telefónica is reportedly accelerating its exit from non-core markets by preparing to sell its Mexico unit, just weeks after it was said to be exploring sales in [Argentina](https://developingtelecoms.com/telecom-business/operator-news/17920-telefonica-looks-to-exit-argentina.html) and [Colombia](https://developingtelecoms.com/telecom-business/operator-news/17963-telefonica-seeks-colombian-regulator-s-approval-ahead-of-potential-millicom-deal.html).

According to *Cinco Días*, Telefónica has hired JP Morgan and law firm White & Case to complete the sale before its next annual shareholders’ meeting, typically held in the second quarter.

Last week, we reported that Telefónica had requested a valuation of its Colombian unit, which operates as Coltel, as part of its strategy to focus on core markets and stabilize its finances.

The operator currently has a presence in Chile, Ecuador, Uruguay, Venezuela, and Peru. However, exiting Argentina, Mexico, and Colombia would significantly reduce its footprint in Latin America, where it has already divested units in El Salvador and Costa Rica.

 

 

   
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