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Movistar Chile to cede 328 towers to Telxius

Thursday 24 March 2016 | 08:37 CET | News
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Telefonica Chile will transfer 328 towers, valued at CLP 7.85 billion (USD 11.5 million), to Telxius, a global company recently created by Telefonica to manage its infrastructure assets. In a statement to stock market regulator SVS, Telefonica said the sale will involve 0.56 percent of its infrastructure assets and does not include telecommunications equipment, antennas or electronics. The goal of the operation is to reduce future capex and focus on the company's core business. 

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Categories: Fixed
Companies: Movistar Chile / Telefonica
Countries: Chile
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