Telefónica sells Telxius tower business to American Tower in €7.7 billion sale

Telefónica has announced the €7.7 billion sale of its telecom tower business Telxius to US firm American Tower. The deal, which comes at a time of consolidation in the European mast market, will see American Tower acquire around 30,700 tower sites in Europe and Latin America, including locations in Spain and Germany. The company has […]

Telefónica agrees sale of stake in infrastructure unit

Telefónica has agreed a deal with investment firm KKR Group for a sale of up to 40% of its infrastructure subsidiary, Telxius Telecom, for €1.275 billion. The deal, which is subject to regulatory approvals, will see Telefónica and KKR team up to develop and grow their telecom infrastructure activity. Telxius owns and operates nearly 16,000 […]

Telefónica to spin off infrastructure arm

Telefónica 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 […]