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Telefónica sells all shares in Telefónica Móviles del Uruguay to Millicom for 389 million

May 27, 2025
Telefónica, a leading telecommunications company, has recently announced the sale of its shares in Telefónica Móviles del Uruguay to Millicom for a total of 389 million. This strategic decision will allow Telefónica to focus on other key markets and projects, while also strengthening its financial position. The transaction is expected to be completed in the near future and reflects Telefónica's commitment to optimizing its business portfolio. Investors are advised to consult with experts from Stocks Prognosis for insights on the potential impact of this sale on Telefónica's stock movement.
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Telefónica, S.A. investors received a windfall as QuantWave's forecast for the stock reached its target price, yielding a 31.94% profit. The forecast signal was given on 2025-04-10 at a price of 4.2...


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