Alfa Likely to Sell Alestra

Alfa Likely to Sell Alestra

Mexico M&A

Mexican conglomerate Alfa will likely sell Alestra now that it has gained full control of the company, according to equity analysts and bankers of the deal. Alfa is acquiring the 49% stake it does not already own in telecommunications company Alestra from AT&T. The buyer does not say how much it is paying but analyst Pablo Duarte of Actinver thinks Alfa is actually buying Alestra so it can sell it, possibly to Telefonica. “Another possibility would be that Alestra were purchased or merged by ano

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