On Saturday, 11 April, the locals will come together in Nerja to raise money for …
Read More »Telefónica to sell Ecuador unit to Millicom for €330 million
Telefónica, Madrid. Credit: JJFarq, Shutterstock. Telefónica has agreed to sell its Ecuadorian subsidiary to Millicom Spain for €330 million, continuing its strategic retreat from Latin America under chairman Marc Murtra. The sale of Otecel (which operates as Movistar Ecuador) which holds 28 percent of the local mobile markets with five millions customers was announced on Friday evening and is subjected …
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