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Wireless

Telefonica Germany says may sell more towers to Telxius

Wednesday 11 September 2019 | 10:53 CET | News

Telefonica Germany said it is considering the sale of additional parts of its passive mobile communications infrastructure portfolio. A potential buyer of the assets could be Telxius, the infrastructure arm of parent company Telefonica. 

The company already sold around 2,350 free-standing mobile towers to Telxius in 2016 and it may sell a large part of its 19,000 mobile rooftop sites in the course of next year, the German operator said. This is in line with Telefonica group's plans to further monetise its towers

Telefonica said current valuations for structural network infrastructure are attractive and a sale can improve its financial flexibility. It sees a strong demand in the capital market for passive mobile communications infrastructure.



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Categories: Mobile & Wireless
Companies: Telefonica Germany / Telxius
Countries: Germany
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