Telefónica CEO says Venezuela situation has changed but asset sale strategy remains unchanged

2026-02-24 13:51:20

Investing.com - The CEO of Spain’s Telefónica stated that the situation in Venezuela has changed, but the company’s strategy for disposing of Latin American assets remains unchanged.

The CEO made these remarks when discussing the company’s regional business approach. Telefónica (BME:TEF) has been focused on streamlining its asset portfolio in Latin America.

The executive pointed out that although the situation in Venezuela has evolved, the overall plan for asset disposal in Latin America continues to follow the previously outlined direction. The company has not altered its overall strategic direction in the region.

Telefónica operates telecommunications networks and services in several Latin American countries. The company had previously announced plans to divest certain assets as part of its portfolio optimization efforts.

At the time of these comments, the company is continuing to evaluate its business footprint across various Latin American markets. No specific timeline has been provided for potential asset sales in the region.

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