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EQT offers EUR 1.8 bln for Telefonica subsea cables - report

Wednesday 2 June 2021 | 09:12 CET | News
Swedish fund EQT has approached Telefonica to offer EUR 1.8 billion for the Spanish group's global submarine cable business, according to unnamed sources cited by online newspaper El Confidencial. The preliminary offer for the business, which is part of Telefonica's Telxius infrastructure unit, comes after the Spanish group finalised the sale of its European towers business to American Tower Corporation for EUR 6.2 billion.

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Categories: Fixed
Companies: Telefonica / Telxius
Countries: Spain / World
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