U.S.-Led Consortium Agrees to Acquire Movistar Mexico to Build the Country’s Next-Generation Telecom Operator, Powered by OXIO’s Telecom-as-a-Service Platform
OXIO Inc. and Newfoundland Capital Management today announced that a U.S.-investor consortium, led by both parties, has entered into an agreement to acquire Movistar Mexico from Telefónica S.A. (BME: TEF), the Madrid-listed global telecommunications company. The transaction positions Movistar Mexico for its next phase of growth, with OXIO’s Telecom-as-a-Service platform supporting its transition to a more agile, cloud-native, and digitally driven operating model.
