Published by Global Banking & Finance Review®
Posted on March 6, 2025
1 min readLast updated: January 25, 2026
Add as preferred source on GoogleTelefonica hires Rothschild to sell its Peru unit, which filed for bankruptcy. This move is part of a strategy to reduce Latin America exposure.
MADRID (Reuters) -Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, the El Confidencial news outlet reported on Thursday.
Last month, Telefonica sold its unit in Argentina for $1.245 billion as part of a strategy under new management led by Marc Murtra to gradually reduce exposure to Latin America.
Murtra, who took over as CEO in January, replacing Jose Maria Alvarez-Pallete, has said the company would complete a strategic review before the end of this year.
Telefonica declined to comment.
(Reporting by Emma Pinedo; Editing by Tom Hogue and Jan Harvey)
Telefonica has hired Rothschild to help sell its unit in Peru.
Last month, Telefonica sold its unit in Argentina for $1.245 billion.
Marc Murtra took over as CEO in January, replacing Jose Maria Alvarez-Pallete.
Marc Murtra has stated that the company will complete a strategic review before the end of this year.
Telefonica declined to comment on the matter.
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