Telefonica Chile Bonds Whipsawed by News After Months of Silence
A Movistar mobile phone service store in Santiago.
Photographer: Cristobal Olivares/BloombergBonds in Telefonica Moviles Chile SA nosedived at the end of last month on fears the company was about to be broken up and sold, then rebounded when it was revealed that the names behind one potential bid are two of Latin America’s largest telecom firms.
First the fall.