Telefónica Chile announces final details of US$264mn capital increase

Bnamericas Published: Friday, November 25, 2022

Telefónica Chile has confirmed the details of a 240bn-peso (US$264mn) capital increase through the issuance of 283,687,943 new shares.

The vast majority of the shares were underwritten by the company itself, with only 658 shares subscribed by minority shareholders.

Telefónica Móviles Chile thus retained a 99.3% stake in the company.

The capital increase was approved at a shareholders' meeting in August.

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