MADRID (Reuters) -Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, the El Confidencial news outlet reported on Thursday.
Last month, Telefonica sold its unit in Argentina for $1.245 billion as part of a strategy under new management led by Marc Murtra to gradually reduce exposure to Latin America.
Murtra, who took over as CEO in January, replacing Jose Maria Alvarez-Pallete, has said the company would complete a strategic review before the end of this year.
Telefonica declined to comment.
(Reporting by Emma Pinedo; Editing by Tom Hogue and Jan Harvey)
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