Telefonica considers deal with Iusacell

Add to My Stories Print page Add to Favourites

In a move designed to put Telefonica in a better position to compete with Carlos Slim’s America Movil, the Spanish group is reportedly in talks regarding a possible tie-up with Mexico’s Grupo Iusacell.

The potential deal could see Telefonica combine its operations in Mexico with Iusacell although there has been no decision as yet as to which side would control the combined mobile phone carrier, Bloomberg reported, citing sources familiar with the matter.

Iusacell – which announced a network sharing agreement with Telefonica back in 2012 – is owned by Grupo Televisa and billionaire Ricardo Salinas.

Banco Bilbao Vizcaya Argentaria and Lazard are understood to be advising Telefonica.

You are using a Trial account

Thank you for trying Acquisitions Daily. You have read out of 2 articles.

If you want to read more than 2 articles, please contact us below to discuss a subscription.

Subscription Enquiry

If you are outside of the UK, please add your international dial code, e.g +33.