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Telefónica to spin off infrastructure arm

Telefonica buildingTelefónica is to spin off its infrastructure arm under a new name – Telxius – under Alberto Horcajo as CEO.

According to Telefónica, the creation of the new company will enable it to build an infrastructure unit with global scale that can expand the range of services it provides to other operators. It said it would also be able to improve the return on capital invested and allow Telxius to grow more easily, including through acquisitions.

The infrastructure assets which will initially be brought together in Telxius will include approximately 15,000 Telefónica telecommunication towers in Spain and other countries, as well as the Telefónica Group´s international network of 31,000km of submarine fibre optic cable, including SAM-1, a submarine cable that connects the United States with Central and South America.

The infrastructure assets which will initially be brought together in Telxius will include approximately 15,000 Telefónica telecommunication towers in Spain and other countries, as well as the Telefónica Group´s international network of 31,000km of submarine fibre optic cable, including SAM-1, a submarine cable that connects the US with Central and South America.

Over the coming months, a number of newly created companies will be gradually integrated into Telxius, according to Telefónica.