Entel to Bid Alone for Telefonica Chile, Without America Movil

Entel SA will now bid alone for Telefonica SA's Chilean unit after terminating a memorandum of understanding with America Movil SAB. Entel will study options to remain in the bidding process, while America Movil is no longer participating. The joint bid was seen as the leading offer, aiming to consolidate the market and address financial losses. The regulator may block some offers due to antitrust concerns.