Market Chatter: Telefonica's Argentina Unit Draws Acquisition Interest

MT Newswires Live

01-24

Telefonica (TEF) is drawing takeover interest in its Argentina unit, Bloomberg News reported Friday, citing people familiar with the matter.

The company has received preliminary interest from both Argentine and international investors in recent months.

However, Telefonica has not yet decided how to respond and is unlikely to move forward with any major strategic decisions until its new executive chairman completes a strategy review, according to the report.

The mobile carrier recently appointed Marc Murtra as executive chairman, following the removal of longtime chairman and CEO Jose Maria-Alvarez Pallete, the report added

Telefonica didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 3.91, Change: +0.02, Percent Change: +0.51

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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