Telefonica reshuffles Movistar Peru ownership

19 Dec 2012

Reuters writes that Spanish telecoms giant Telefonica has transferred around half of the shares of its Peruvian subsidiary, Movistar Peru (previously known as Telefonica del Peru, TDP), to its Latin American holding company, Telefonica Latinoamerica Holding. The internal deal was worth around USD1.5 billion and is reportedly part of a broader strategy that will see Telefonica list up to 15% of the holding company.

Peru,Telefonica, Movistar Peru, Movistar Peru (TEM Peru),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.