According to the Voicepuli portal, Telefónica It is analyzing the possible sale of its Peruvian subsidiary in the coming months, which would represent one of the most significant decisions for the corporation in South America in recent decades. Sources close to the process ensure that since the late 2024 meetings have been held in Peru to accelerate the transaction.
However, the recent leadership change with Marc Murtra It could modify the course of this operation, which had already been raised under the management of José María Álvarez-Pallete.
Telefónica could accelerate negotiations to sell your Peruvian subsidiary
In this context, Laura Abasolo, Financial Director of Telefónicavisited Lima recently with the aim of advancing in negotiations. During the last weeks, conversations with possible buyers have intensified, especially considering the continuous losses of the Peruvian subsidiary and conflicts with the country’s government.
These factors have led the entity to reth Peruvian market.
Throughout 2025, Telefónica del Perú It faces a complicated financial panorama, with accumulated losses that could exceed 2,000 million euros. To mitigate this scenario, the operator would have implemented various financial measures, including the issuance of a 2,000 million dollar premium and a capital reduction. Besides, Telephone Latin America He has provided financial support to the subsidiary to try to avoid a greater collapse, according to the Voicepuli website.
The possible reasons behind the possible sale of the subsidiary in Peru
The journalist Carlos Cózar detailed, based on his investigation, that the legal insecurity in Peru is another crucial factor in Telefónica’s decision to consider the sale of his business in the country. An example of this are the pending litigation: in October 2024, the operator filed a demand for 1,122 million euros Due to tax taxes and provisions not yet paid, originated in the process of privatization of telecommunications companies in the country more than 20 years ago.
On the other hand, the international media said that Telefónica would be considering the possibility of naming a New CEO specialized in mergersacquisitions and liquidations to manage the sale. In addition to that, American consultants have been contacted to advise on the process and help find an adequate executive figure, since Peruvian legislation allows it.
The organization is also evaluating the possibility of selling some assets to reduce the final price of the operation, taking advantage of the legal facilities offered by Peru for entities with three consecutive years of losses.
As for possible buyers, investors Carlos Torres and Eduardo Barriga, expropietarios of Win, a Peruvian fiber optic company, would be outlined as those interested in acquiring the business. Despite attempts to close an agreement in recent months, negotiations have suffered delays due to differences in economic lace.
Source: Larepublica
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