Telefonica: The battle for the iPhone in Latin America continues

From adnmundo.com (link here) and tusbuscadores.com (link here) we learn that apparently Telefonica is moving to close negotiations for a regional agreement to launch the iPhone in Latin America.
We had mentioned here previously that America Movil and Telefonica were both after the distribution and Apple was negotiating on a per country per operator basis. Apparently this may have changed if the rumors that Apple will join forces with Telefonica are true.
We had also mentioned that negotiations with America Movil were not going to be easy and that Apple's conditions, which include revenue share on data revenues, were very likely going to be unacceptable to America Movil.
America Movil's leadership in Latin America is precisely what makes negotiations with them extremely difficult and for sure Telefonica will jump at the chance of winning this deal.
Even though they have a similar number of subscribers in the region (both topped 100M in the last couple of years), America Movil has the largest operator in the region (Telcel - Mexico). The other markets are more or less evenly divided, with either Telefonica or America Movil holding the number one or number two positions in the different markets they serve.
Currently, Telefonica has operations in Argentina, Brasil, Chile, Colombia, Ecuador, El Salvador, Guatemala, México, Nicaragua, Panamá, Perú, Uruguay y Venezuela.

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