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Telefonica's Latin America Fire-Sale Sends Chile Unit to New Low
Telefonica's Latin America Fire-Sale Sends Chile Unit to New Low

Bloomberg

time19-05-2025

  • Business
  • Bloomberg

Telefonica's Latin America Fire-Sale Sends Chile Unit to New Low

Bonds of Telefonica Moviles Chile SA slumped into distressed territory last week on a report that its parent company was about to throw in the towel, selling the asset after years of fierce competition in the local mobile phone market. The company's dollar bonds due 2031 plummeted 13.2 cents on the dollar to 51 cents, after the Spanish media outlet El Confidencial reported last Monday that Telefonica SA had hired Citigroup Inc. to look for a buyer for the unit. The bonds now yield 1,170 basis points over similar maturity US Treasuries. Both Spain's Telefonica and its Chilean unit declined to comment on the report.

Telefonica: Q1 Earnings Snapshot
Telefonica: Q1 Earnings Snapshot

Yahoo

time14-05-2025

  • Business
  • Yahoo

Telefonica: Q1 Earnings Snapshot

MADRID (AP) — MADRID (AP) — Telefonica SA (TEF) on Wednesday reported a loss of $1.37 billion in its first quarter. The Madrid-based company said it had a loss of 25 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were 8 cents per share. The telecommunications company posted revenue of $9.7 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TEF at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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