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Telefonica sells Guatemala, El Salvador units to America Movil for EUR 570 mln

2019-01-25 09:19:00| Telecompaper Headlines

(Telecompaper) America Movil has announced a deal to acquire Guatemala and El Salvador operations from Telefonica for a total of EUR 570 million. In a short statement, the Mexican telecommunications giant said it paid EUR 293 million for 100 percent of Telefonica's Guatemalan assets and EUR 277 million for 99.3 percent of Telefonica El Salvador. The transaction is subject to customary closing conditions, including regulatory approval for the El Salvador deal. It added that the acquisitions will boost its position in Central America, where it plans to provide next-generation services including 5G.

Tags: eur america units salvador

J&J Sells RoC Skincare

2019-01-23 12:18:00| Happi Breaking News

Gryphon Investors takes over for brand founded in 1957.

Tags: sells roc skincare

TomTom sells Telematics to Bridgestone for EUR 910 mln

2019-01-22 11:08:00| Telecompaper Headlines

(Telecompaper) TomTom has sold its Telematics division to tire manufacturer Bridgestone for EUR 910 million. Of the total, EUR 750 million will be distributed to shareholders by means of a capital repayment, as well as by share consolidation. The capital repayment will not be subject to Dutch dividend withholding tax. The sale is expected to close by the end of the second quarter, followed by the execution of the capital repayment and share consolidation in the third quarter.

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