Telefonica Moviles Completes the Acquisition of Bellsouth's Cellular Operators in Venezuela, Colombia, Nicaragua, Peru and Uruguay
October 28, 2004
These acquisitions, which have a combined enterprise value of 2,665 million dollars, complete the second phase of the agreement reached between the Telefónica Group and Bellsouth, by which Telefónica Móviles is to purchase Bellsouth's mobile telephony assets in 10 Latin American countries, for a maximum enterprise value of 5,850 million dollars.