CNA Approves OXIO’s Acquisition of Telefónica Mexico
Summary
OXIO and Newfoundland Capital Management received antitrust approval for their US$450 million acquisition of Telefónica Mexico. The deal moves closer to closing, although it still needs other regulatory and closing conditions. OXIO plans to turn Movistar Mexico into a cloud-native, software-led telecom operation built on cloud infrastructure, data, and multiple network partners. The company expects to migrate customers to its platform over several months and may add satellite connectivity as part of the service model.
AskAI Classifications
Sectors
Telco and ISP
Telecom Software,OSS, BSS
Functions
Developer and IT Infrastructure
Business Intelligence and Analytics
Application Management
Linked Companies
OXIO
$1M to $5M