Consortium Acquires Movistar Mexico from Telefónica

A U.S.-investor consortium, led by Oxio and RA Capital Management, has entered into an agreement to acquire Telefónica — Movistar México from Telefónica. This transaction aims to position Telefónica — Movistar México for its next phase of growth, transitioning it to a more agile, cloud-native, and digitally driven operating model supported by Oxio's Telecom-as-a-Service platform. Telefónica — Movistar México will continue to operate under its existing brand and management, with customers expecting uninterrupted service and future quality improvements. The deal highlights the long-term opportunity for digital transformation in Mexico's wireless sector, driven by a growing digitally native population and cross-border connectivity dynamics with the United States. The acquisition is subject to closing conditions and regulatory approvals.