MADRID, Jan 29 (Reuters) - Spanish telecoms company Telefonica TEF.MC has hired investment bank JPMorgan JPM.N to evaluate a possible sale of Argentina business, newspaper Expansion reported on Wednesday, citing unidentified sources close to the process.
Potential buyers include Luxembourg-based Millicom MICC.F, which is present in several markets in Latin America, plus French telecoms operator Iliad as well as Argentinian investors, Expansion said.
JPMorgan declined to comment and a spokesperson for Telefonica did not immediately respond to a request for comment.
Telefonica, which replaced CEO Jose Maria Alvarez-Pallete unexpectedly two weeks ago, has carried out a series of asset sales in Latin America over the past two years to reduce debt and to help fund investment in 5G mobile networks.
(Reporting by Inti LandauroEditing by David Goodman)
((Inti.Landauro@thomsonreuters.com;))
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