Overview

• People familiar with the talks say the proposal would split assets, with América Móvil taking the mobile unit and Entel acquiring the fixed-line business.
• Reporting cites speculation that Chilean authorities could scrutinize or constrain deals over antitrust concerns.
• Regulator data for June show Movistar at 23.2% mobile share, Entel at 33.2%, and Claro at 20.9%.
• The discussions remain private and subject to change, and the companies either declined to comment or did not respond to requests.
• WOM could present a rival offer for parts of Telefónica Chile, with context that the market has been under pressure following WOM’s bankruptcy exit and a recent capital injection at ClaroVTR.