Key facts: Telefónica sells Mexico 450M, exits LatAm; Movistar+ cleared
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Telefónica (TEF) sold Chile and Colombia units and aims to exit Venezuela to focus on Spain, Brazil, UK and Germany. EU regulation could affect future deals; 2025 net loss €4.3B.1Telefónica agreed to sell Telefónica México to Melisa Acquisition for $450M as part of its divestment plan; deal value reported at $450M.2Spain regulator rejected Vodafone Spain’s complaint that Telefónica’s Movistar+ had an exclusivity deal with Disney+. No evidence of anti-competitive conduct was found in the probe.3
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