0915 GMT - Telefonica's potential sale of its Chilean business would fit the company's strategy, ING analyst Jan Frederik Slijkerman writes in a note, referring to a report in Spanish newspaper El Confidencial. The Spanish telecommunications company has been looking to gradually reduce its exposure to Latin America and has sold its Argentinean unit and its Columbian business. "A sale would bring further strategic focus to Telefonica and reduce the exposure to emerging markets currencies," he adds. Shares are down 1.5% at 4.41 euros. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 05:15 ET (09:15 GMT)
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