Entel hires bank for asset sale

Entel hires bank for asset sale

Corporate & Sovereign Strategy M&A Telecoms Mobile Fixed-Line Chile

Chilean telecommunications company Entel said it has hired an investment bank to advise it on the potential sale of its data center business, a move that comes after it raised financing to invest in developing a 5G network. The investment bank, which was not named, will field interest from potential buyers for some or all of the data centers, Entel said in a securities filing late on Thursday. The Santiago-based company said it was too early to say how much it could earn from the sale. The propo

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