Spain’s biggest telecommunications company Telefonica SA is looking to buy AT&T Inc.’s television assets in Latin America, according to a Reuters report Friday. The unit — with operations in Brazil, Argentina, Colombia and several other countries — could be valued at around $10 billion, people familiar with the matter reportedly said.
Telefonica’s stock fell 2.36 percent in Madrid on Friday, while AT&T’s stock moved marginally higher on the New York Stock Exchange.
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