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Telefonica Sells its Guatemala and El Salvador Units to America Movil

Central American subsidiary unit of Telefonica, Telefonica Centroamerica Inversioines has entered into an agreement with America Movil for the sale of the former’s entire shares of Telefonica Guatemala and 99.3% shares of Telefonica El Salvador. The estimated transaction amount in total is US$925 million. Parent Group Telefonica has major shares in Telefonica Centroamérica Inversiones, S.L., which is 60% (directly and…