Telefonica confirms several offers for Telxius

News General Spain 13 FEB 2017
Telefonica confirms several offers for Telxius
Telefonica has received several offers to acquire a stake in its infrastructure subsidiary Telxius, according to a short statement filed with Spanish market regulator CNMV. The company said it’s in the process of negotiating and analysing the various options available for the Telxius stake. 

The news comes around four months after the Spanish operator abandoned an IPO for Telxius due to the unfavourable market situation. Reuters previously reported that the company is in advanced talks with a number of private equity firms, including KKR, CVC and Ardian, plus sovereign fund GIC, to sell a 49 percent stake in Telxius for at least EUR 1.47 billion.



 

Categories:

General

Companies:

Telefonica,  Telxius

Countries:

Spain

Tags:

Network equipment, Wholesale, Financial funding, M&A buyouts & divestments

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