News Releases

Baker Botts Advises Jaguar Fund No. I, L.P. on its Acquisition of Telefónica’s El Salvadoran Operations


Deal Description: Jaguar Fund No. I, L.P. (“Jaguar”) today announced that its subsidiary General International Telecom Ltd., has agreed to acquire Telefónica S.A.’s (“TEF”) operations in El Salvador, Telefónica Móviles El Salvador, S.A. de C.V. (“TEF El Salvador”), one of El Salvador’s largest mobile service providers.  The transaction values TEF El Salvador at an enterprise value of approximately $144 million.

The acquisition is subject to certain customary closing conditions and is expected to close in the first half of 2022.

Baker Botts acted as legal advisor to Jaguar.

Baker Botts Lawyers/Office Involved:

Corporate: Jonathan Gordon (Partner, New York), Bill Lamb (Senior Counsel, Houston), Grace Matthews (Senior Associate, Austin), Carlos Marquez (Associate, Washington, D.C.), Maria Fuentes (Associate, Houston), with assistance from James Marshall (Partner, Houston)

Tax: Jon Lobb (Partner, Houston), Peter Farrell (Senior Associate, Washington, D.C.)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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