The Mexican Telecommunications Group America Mobile, belonging to businessman Carlos Slim, and the Chilean National Telecommunications Company (Entel) work in the presentation of a joint offer to acquire the Chilean subsidiary of Telefónica.
In this way, Telefónica Chile’s mobile phone business would remain in the hands of America Mobile, which already operates in this country through Clarovtr, while Entel would be interested in the fixed telephony segment, according to sources familiar with this issue cited by ‘Bloomberg’.
This joint offer takes place amid speculation that the regulator is blocking some acquisitions in the sector due to concerns related to antitrust.
Specifically, Movistar had 23.2% of the market in June, according to the latest data collected by the regulator, Entel had 33.2% and clear with 20.9%.
The sale is part of the president of Telefónica, Marc Murtra, of disinvesting in non -strategic markets as part of a wide review placed since his arrival at the company in January this year. Until now, the firm has announced the sale of its subsidiaries in Peru, Ecuador, Uruguay, Colombia and Argentina.
