Telefónica hires financial advisory firm to sell its subsidiary in Peru and agree with creditors, according to Spanish media

The multinational Spanish telephone telecommunications hired the FINANCIAL ADVICE SIGNATURE Rothschild to help you sell your division in Peru, according to the Spanish media El Confidencial.

It details the newspaper that Rothschild is in conversations with the creditors, to whom Telefónica owes 1,240 million euros. Said amount is part of the liability declared in the Ordinary bankruptcy procedure (PCO) Before the Indo -Endopi Bankruptcy Procedures Commission, which presented on February 24.

The advisory firm would not only be looking for a buyer for the Peruvian subsidiary, but also negotiates a solution with the Creditorsholds the medium. Among the options considered, there is the possibility that investment and pension funds, mostly Americans, assume control of the company through a exchange of debt by capital.

He Confidential He also reported that creditors have hired Houlihan Lokey, the world leader in restructuring, To defend your interests. Additionally, the bonds have incorporated Moelis, another American investment bank, in the negotiations.

This movement would be part of Telefónica’s strategy, under the direction of Marc Murtra who assumed as president of Telefónica on January 18, to progressively reduce his presence in Latin America. Recall that a few days ago it was known that the company sold its subsidiary in Argentina for US $ 1,245 million.

Peru Telefónica Losses

At the end of 2024, Telefónica del Perú registered a net loss of S/3,392 million, which implies its worst result in the last decade. To this are added the negative results of the previous years such as S/613 million in 2023, S/1,454 million in 2022, S/1,626 million in 2021, S/695 million in 2020 and s/1,137 million in 2019. The company has failed to reverse this trend since 2017, when it reported losses of S/410 million.