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Latham & Watkins Advises Telefónica on US$1.245 Billion Sale of Argentina Operations
February 25, 2025
Members of the firm’s Latin America Practice represented one of the largest providers of telecommunications services in Latin America in the transaction.
Telefónica announced that it has reached an agreement with TELECOM Argentina to sell all of its shares in the share capital of Telefónica Argentina. The transaction, valued at US$1.245 billion, is part of the group's strategy to reduce exposure to the region and continue to operate sustainably to build value for its shareholders.
Latham has advised Telefónica on numerous telecommunications mergers and acquisitions and financing transactions in Latin America, including in Chile, Colombia, El Salvador, Guatemala, Nicaragua, and Panama.
Latham & Watkins LLP represented Telefónica in the transaction with a deal team led by Latin America Practice partners Tony Del Pino, Carlos Ardila, Ignacio Pallarés,* Guido Liniado, and Santiago Bejarano, and counsel Ori Assa,* with associates Francisco Lanusse, Catalina Ucros Tellez,*** José Luis Bootello,* Mapi Villanueva,* Natália Graton,** and Ana Bernal.*** Advice was provided on tax matters by partner Jordi Domínguez* and counsel Blanca Vázquez de Castro;* on intellectual property matters by partner Jeffrey Tochner, with associate Sebastian Moss; and on regulatory matters by partner José María Jiménez-Laiglesia.*
*admitted to practice law in Spain
**admitted to practice law in Brazil
***admitted to practice law in Colombia