A New Country in Its Operation: Telefónica Sells Its Chile Subsidiary for US$1.215 Million to Millicom and NJJ Holding

Portafolio Journalist 02.10.2026 12:12 Updated: 02.10.2026 19:30

A New Country in Its Operation: Telefónica Sells Its Chile Subsidiary for US$1.215 Million to Millicom and NJJ Holding

TL;DR

  • Telefónica sold 100% of its Chilean subsidiary for $1.215 billion (approx. €1.03 billion).
  • The buyers are NJJ Holding and Millicom Spain.
  • An additional payment of $150 million (approx. €126 million) is possible, contingent on Chilean market events.
  • The sale aligns with Telefónica's strategic plan to exit Hispano-America.
  • Telefónica previously sold its Uruguayan subsidiary and part of its Colombian assets to Millicom Spain.

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