Telefónica is considering selling its Venezuelan subsidiary starting in 2027, according to Bloomberg. This sale would mark the total exit of the Spanish company from Latin America after several divestments in the region.
The telecommunications operator Telefónica intends to initiate the sale process of its subsidiary in Venezuela in 2027, as reported by Bloomberg. This decision is part of a divestment strategy that has led the company to exit other countries in the region, such as Argentina, Peru, and Chile, under the leadership of its president Marc Murtra.
The company aims to create a competitive process for the sale, although the right timing will depend on the political situation in the South American country. The complexity of the environment, characterised by a dictatorship and international tensions, means that the operation requires support from both the US administration and the Venezuelan government.
Since Murtra took over as president, Telefónica has divested from seven subsidiaries in Latin America, with operations including the sale of its subsidiary in Argentina in February 2025 for 1.245 billion dollars and the sale of its subsidiary in Peru in April of the same year, among other transactions.
The company has received offers from potential buyers, although no agreements have been finalised so far. A spokesperson for the Latin America Real Assets Opportunities Fund (LARA) has stated that they are not currently actively seeking a deal in Venezuela.
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