Telefónica, S.A. (BME:TEF) has pulling way plans in Latin American released a list possible buyers of the Chilean operation, including Claro S.A. and Liberty Latin America Ltd. (NasdaqGS:LILA) (controlling-group VTR) as top-rated candidates, followed by Empresa Nacional de Telecomunicaciones S.A. (SNSE:ENTEL), Novator Partners LLP and BorealNet. Two advisors - Citigroup Inc. (NYSE:C) and Morgan Stanley (NYSE:MS) - have been looking out for potential buyers to Telefónica assets and thus far only a single transaction was struck consisting of the subsidiary in Costa Rica that has shifted towards Liberty Latam portfolio, in a deal worth EUR 425 million. Eventual complications might come up in Chile in wake of a deal between 1st and 2nd best-ranked groups there - Entel and Movistar (pertaining to Telefónica) - resulting in a combined market share nigh on 57% in the wireless broadband Internet.

Similar scenario would be seen in case Claro merges with Movistar, resulting in a combined market share of 52% in mobile- and 40% in fixed-telecommunication services. VTR controlling-group Liberty Latam would also drawn attention of the local antitrust agency. In this context, Telefónica was left with lesser options that answer by Novator Partners (WOM) and BorealNet (Business Finland and Rivada Networks).