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 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Telefonica appraising market as it eyes Venezuela exit

 

 

   Details    James Barton    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     30 September 2026     4298 views   

 

  ![Telefonica appraising market as it eyes Venezuela exit](https://developingtelecoms.com/images/stories/Places/800x600/caracas_venezuela_aerial_600.jpg)  

 

Telefonica is looking to exit Venezuela, with the Spanish group reportedly waiting for market conditions to improve before formalising a sale within the next year.

According to Bloomberg, several potential buyers have made unsolicited offers on Movistar Venezuela – a boon to Telefonica, which is reportedly keen to attract a selection of bids to choose from rather than focusing on a single potential buyer, although the possibility remains that Telefonica could retain the unit.

The operator reportedly began preliminary talks with US-based private equity group Latin America Real Assets Opportunities (LARA) Fund, but these were abandoned.

Telefonica has been active in Venezuela since 1991, with around 9 million subscribers in the market. The group has been divesting its units in markets across Latin America – including [Chile](https://developingtelecoms.com/telecom-business/operator-news/19753-millicom-and-njj-snap-up-telefonica-chile.html?highlight=WyJ0ZWxlZm9uaWNhIiwibGF0aW4iLCJhbWVyaWNhIl0=), [Ecuador](https://developingtelecoms.com/telecom-business/operator-news/19279-millicom-completes-us-380-million-acquisition-of-telefonica-s-ecuador-unit.html?highlight=WyJ0ZWxlZm9uaWNhIiwibGF0aW4iLCJhbWVyaWNhIl0=), [Mexico](https://developingtelecoms.com/telecom-business/operator-news/20089-telefonica-finally-able-to-sell-mexico-business.html?highlight=WyJ0ZWxlZm9uaWNhIiwibGF0aW4iLCJhbWVyaWNhIl0=), and [Uruguay ](https://developingtelecoms.com/telecom-business/operator-news/18519-telefonica-sells-uruguay-unit-to-millicom.html?highlight=WyJ0ZWxlZm9uaWNhIiwibGF0aW4iLCJhbWVyaWNhIl0=)- as part of a wider refocusing on its operations in Europe and Brazil.

 

 

   
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