Andrew Lee

Keval Khiroya

Akhil Dattani

David Wright

Fernando Cordero

James Ratzer

Fernando Cordero Barreira

Georgios Ierodiaconou

Joshua Mills

Mathieu Robilliard

Nawar Cristini

Nick Lyall

Ondrej Cabejšek

- Telefónica, S.A. has **closed the transaction** for the transfer of **100% of the share capital of Telefónica Móviles del Uruguay S.A.** to Millicom Spain, S.L. on **October 7, 2025**.  **[814052_0000814052-25-000094_form6kclosinguru.htm:0]** 
- The transaction was valued at a firm value of **USD 440 million**, which is approximately **EUR 377 million** at the current exchange rate.  **[814052_0000814052-25-000094_form6kclosinguru.htm:0]** 
- This closing is expected to **reduce the Telefónica Group’s net financial debt by approximately EUR 384 million**.  **[814052_0000814052-25-000094_form6kclosinguru.htm:0]** 
- The transaction aligns with the Telefónica Group’s **asset portfolio management policy** and its strategy to **reduce exposure in Hispanoamerica**.  **[814052_0000814052-25-000094_form6kclosinguru.htm:0]**

Telefónica Completes Sale of Telefónica Móviles del Uruguay

TELEFONICA S A (TEF)