Telefónica Weighs Sale of Venezuelan Telecom Unit After 35 Years

Telefónica SA is considering starting a sales process for its Venezuelan unit, which it has owned for 35 years, according to people familiar with the matter. The move would further shrink the Spanish carrier's presence in Latin America.

• Telefónica has owned its Venezuelan unit for 35 years
• The company is weighing a sales process for the asset
• The deal would further cut Telefónica's Latin America footprint