Spain’s Telefónica eyes KKR and Italian TIM for possible Brazil sale and consolidation

Brazil is one of the four key markets for Telefónica/Vivo, along with Spain, Germany, and the United Kingdom. The company continues to pin its hopes for future growth after completing a phase of significant divestments.

RIO DE JANEIRO, BRAZIL - Italy's TIM was a key shareholder (and ally) of Telefónica in the past. Moreover, the fund that wants to buy it for more than 10.8 billion euros, the American KKR, is its significant financial partner for infrastructure. The connections are more than obvious.

For this reason, Spain's Telefónica's headquarters remain on alert and have one eye on what will happen in the coming days in the war for control of the former Telecom Italia (TIM) in Rome, which has already claimed its first victim: the resignation of the CEO, Luigi . . .

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