Grupo Olmos vies for Telefónica division in Uruguay

Grupo Olmos vies for Telefónica division in Uruguay

Corporate & Sovereign Strategy M&A Telecoms Mobile Fixed-Line Latin America South America Europe Spain Uruguay Argentina

Argentine health, insurance and media conglomerate Grupo Olmos has hired advisers for its proposal to acquire the Uruguayan unit of Spanish telecommunications company Telefónica, according to local press reports on Wednesday. Grupo Olmos hired Luis Miguel Gilpérez, who was CEO of Telefónica from 2011 to 2018 and head of business development in Latin America from 2003 to 2011, to spearhead the acquisition as part of its international expansion plans, according to a statement cited by the local pr

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