Entel has agreed to sell its Peruvian subsidiary to Millicom for $1.714 billion.
Entel has agreed to sell its entire Peruvian operation to Millicom for US$1.714 million. The deal involves the sale of all shares in Entel Peru and its Americatel Peru subsidiaries. This move is part of a long-term strategy for the Chilean group.
- Entel Peru's mobile phone customer base totals 10,493,411 lines.
- Entel Peru unit generates approximately 35 percent of Entel's consolidated revenue.
- Millicom is an interested party in the sale of Entel Peru.
- Entel signed an agreement to sell 100 percent of its operations in Peru to Millicom for US$1.714 million.
Outlets: Diario Financiero, El Comercio (Peru), Gestión, Infobae Perú, La República (Perú), La Tercera, RPP Noticias
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