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Wireless

Telefonica Brasil sells 1,655 towers for BRL 760 million

Monday 4 April 2016 | 11:14 CET | News
Telefonica Brasil has sold 1,655 of its towers to Towerco Latam Brazil, a company indirectly controlled by its Spanish parent company. Towerco will pay BRL 760 million for the assets. The sale does not affect the use of the towers by Telefonica for its mobile services. A long-term contract was also signed for leasing space on the towers, with conditions to expand the leased space. According to Telefonica, "the transaction aims to optimize the allocation of the company's capital, generating value to its shareholders." Towerco is the name in Brazil for Telxius, the company that unites

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Categories: Mobile & Wireless
Companies: Telefonica / Telefonica Brasil
Countries: Brazil
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