The report, quoting the Spanish daily Cinco DÃas, said Telefonica would instead focus on "developing" the business after its acquisition.
"We don't have any new acquisitions planned in
Through the acquisition, Telefónica now had a presence equivalent to 2.6 million subscribers, meaning it had a lot of ground to cover to catch up with arch rival América Móvil, which had 13.8 million clients and a 62% market share through its mobile unit Comcel, the report said.