www.WirelessFederation.com/news: In a USD115 million deals, Quinenco agreed to sell telecom firm Telefonica del Sur (Telsur) to rival telco GTD. Chilean financial and industrial conglomerate Quinenco has 74.43% stake in Telsur.

While highlighting the magnetism of Telsur, GTD said that the company has transformed itself from line operator into a multi service provider and now offers a range of broadband and broadcast services. GTD also felt that by the end of 2009, GTD and Telsur together will have a customer base of 480,000 subscribers in fixed and wireless telephony, internet, and digital TV.

Telsur has predicted an annual revenue of USD133 million while GTD expects USD175 million for 2009.