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General

Telefonica considering split of submarine cables from Telxius - report

Friday 6 March 2020 | 10:27 CET | News
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Telefonica is planning to split its submarine cables business from the rest of its infrastructure subsidiary Telxius, according to unnamed sources cited by Bloomberg and subsequently reported by El Economista. The company is in the process of discussing the move with advisers and investors, including 40 percent shareholder KKR and Pontegadea, the holding company of Zara founder Amancio Ortega, which owns a 10 percent stake. Separating its submarine cable assets from the rest of the Telxius infrastructure would allow Telxius to focus solely on mobile phone towers, said the report.

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Categories: General
Companies: Telefonica / Telxius
Countries: Spain / World
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Comments

very interesting if this information is confirmed
Laurent Campagne @ 2/4/2020 - 11:29


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