"Telefónica Hispam Sells Telefónica Ecuador to Millicom for $380 Million as Part of Latin America Portfolio Optimization"

"Telefónica Hispam has sold its entire stake in Telefónica Ecuador to Millicom Spain for $380 million as part of its strategy to streamline its portfolio and reduce exposure in Latin America, focusing on key markets. Latham & Watkins LLP advised Telefónica on this transaction, along with other recent sales in Argentina, Colombia, Uruguay, and other Latin American countries."

Latham & Watkins LLP represented Telefónica in the transaction, while Millicom Spain, S.L. was the acquiring party. The transaction involved Telefónica Hispam completing the sale of 100% of its stake in Telefónica Ecuador to Millicom Spain, S.L. for a total value of US$380 million. This sale aligns with Telefónica's strategy to optimize its portfolio and reduce exposure in Latin America, focusing on key markets and sustainable value generation. The Latham & Watkins LLP team advising Telefónica was led by Latin America Practice partners Tony Del Pino, Ignacio Pallarés, and John Slater, with associates Mapi Villanueva, Francisco Lanusse, and assistance from Catalina Ucros and international visiting associate Fathia Zapata. Intellectual property matters were handled by partner Jeffrey Tochner and associate Sebastian Moss, while tax matters were advised by partner Jordi Dominguez, counsel Blanca Vazquez de Castro, and associate Ana Serrano.

"Telefónica Hispam Sells Telefónica Ecuador to Millicom for $380 Million as Part of Latin America Portfolio Optimization"

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