by Hernán Amaya | Jul 1, 2022 | Pay TV
According to information released by telecommunications giant Telefónica on July 1, Movistar is to discontinue its satellite TV service (DTH) in Venezuela by the end of 2022. As a result, the withdrawal of the company from the Venezuelan DTH market will coincide with...
El Salvador:
Telefónica sells Salvadorean subsidiary to General International Telecom
by Gustavo Hernández | Oct 15, 2021 | Telecommunications
On October 15 telecommunications company Telefónica notified Spain’s Securities and Exchange Commission (CNMV) of the sale of its Salvadorean unit. The purchaser is General International Telecom Limited and the transaction amount is USD 144 million. “This...
Latin America:
Telefónica no longer plans to sell its operations in Spanish-speaking Latin American countries
by Hernán Amaya | Sep 8, 2021 | Telecommunications
According to Spanish online newspaper Hispanidad, telecommunications company Telefónica has discarded the possibility of selling its operations in Spanish-speaking Latin American countries. Nearly two years ago, Telefónica started a strategic debt reduction plan that...
Colombia:
Telefónica acquires DirecTV home Internet operation
by Hernán Amaya | May 25, 2021 | Telecommunications
Telefónica has announced that it has acquired DirecTV wireless home Internet business in Colombia, a service that AT&T satellite TV operator has been providing in that country since 2014. According to the company’s press release, “nowadays DirecTV has about...
Uruguay:
Argentina’s Grupo Olmos announces intention to acquire Telefónica Uruguay
by Virginia Anziano | May 12, 2021 | Telecommunications
Through a press release signed by CEO Raúl Olmos, Argentina’s Grupo Olmos announced its intention to acquire Telefónica’s subsidiary in Uruguay. According to information disclosed by the company, Luis Miguel Gilpérez, once President of Telefónica España, has been...