Telefonica SA suspended preparations for an initial public offering of its Latin American business after a stake sale in its German unit and a bond issue relieved funding needs, people with familiar with the matter said.
Mexico's Federal Competition Commission (CFC) fined Telmex MXN 657.4 million for denying interconnection to competitor Axtel.
Millicom announced it is evaluating the possibility of a merger with Empresas Públicas de Medellín (EPM), to create an integrated telecommunication operator in Colombia. Millicom owns 50% of Colombia Móvil (Tigo), while EPM is the largest shareholder in UNE, which owns a 25% stake in Tigo.
Local business journal El Economista reports that a TELMEX will have to resubmit an application to change its operating license under the new administration of President Enrique Pena Nieto to include television.
Telefónica Peru has accepted "harsh and unprecedented" requirements imposed by Peru for renewing its operating licenses. The new requirements focus on providing services to disadvantaged and low-income populations.