Telefonica's sale of Peruvian fibre network falls through
Portfolio Pulse from
Telefonica's planned sale of its Peruvian fibre optic network to KKR and Entel has been canceled, as announced by Entel in a regulatory filing.
November 29, 2024 | 4:00 pm
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Telefonica's sale of its Peruvian fibre network to KKR and Entel has been canceled, potentially affecting its strategic plans in the region.
The cancellation of the sale may impact Telefonica's financial and strategic plans in Peru, as the sale was likely intended to streamline operations and raise capital. This could lead to short-term negative sentiment around Telefonica's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80