0
Wireless

Telefonica sells 2,029 towers in Ecuador and Colombia to Phoenix Tower for EUR 290 million

Tuesday 24 December 2019 | 08:58 CET | News
Telefonica has continued its strategy of monetising infrastructure assets by selling 2,029 towers in Ecuador and Colombia to Phoenix Tower International (PTI) for around EUR 290 million. In total, Telefonica Ecuador sold 1,408 towers for EUR 202 million while Telefonica Colombia sold a further 621 towers for EUR 87 million, complementing other tower disposals executed earlier in the year.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Telefonica / Telxius
Countries: Colombia / Ecuador
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica Deutschland transfers 5,975 sites in first tranche to Telxius for EUR 896 mln

Published 02 Sep 2020 09:21 CET | Germany
Telefonica Deutschland said it has completed the transfer of 5,975 rooftop sites and 58 tower sites to Telxius. The transfer ...

Telefonica Q2 results hit by Covid-19, forex effects, revenues fall 15%

Published 30 Jul 2020 09:14 CET | Europe
Telefonica reported a sharp fall in second-quarter results, hurt by the Covid-19 pandemic and negative forex effects. Revenues ...

Eir completes sale of mobile infrastructure unit to Phoenix Tower

Published 27 Jul 2020 15:29 CET | Ireland
Eir has completed the sale of its Irish mobile network infrastructure management company, Emerald Tower, to Phoenix Tower ...

Telefonica studying IPO of tower unit Telxius in 2021 - report

Published 20 Jul 2020 09:36 CET | Spain
Telefonica is looking to further monetise its infrastructure assets by launching an initial public offering of its subsidiary ...

Telefonica negotiating sale of more data centres to Asterion - report

Published 13 Jul 2020 14:30 CET | Spain
Telefonica is continuing to explore the sale of its remaining data centres as part of an ongoing process to reduce its debt pile, ...

Telefonica Infra revenues down 6% to EUR 207 mln in Q1, tops 20,000 towers

Published 07 May 2020 10:58 CET | World
The Telefonica group's newly-created Telefonica Infra unit, comprising its stakes in communications towers and other ...

Telefonica considering split of submarine cables from Telxius - report

Published 06 Mar 2020 10:27 CET | Spain
Telefonica is planning to split its submarine cables business from the rest of its infrastructure subsidiary Telxius, according ...

Blackstone raises USD 1.4 bln to recapitalise Phoenix Tower

Published 06 Feb 2020 12:59 CET | World
Blackstone said it has successfully recapitalised Phoenix Tower International, raising USD 1.4 billion for the company's global ...

Telefonica creates new global digital consumer unit

Published 31 Jan 2020 09:33 CET | Spain
Telefonica has announced the creation of a new global unit designed to make sales processes and customer relations "more digital, ...

Telxius' Brusa cable hits 160 Tbps with Ciena's WaveLogic 5

Published 21 Jan 2020 09:19 CET | World
Telefonica's infrastructure subsidiary Telxius announced that its Brusa (Brazil-Puerto Rico-US) submarine cable reached record ...

Selling passive network assets: a tragic mistake for the telco?

Published 06 Dec 2019 10:58 CET | World
More and more operators are looking at selling off passive networks. This underlines not only the value of such networks, but ...

Telxius opens new facility in Northern Virginia

Published 06 Dec 2019 08:52 CET | Spain
Telefonica's infrastructure subsidiary Telxius has opened a new facility at Tysons Corner in Northern Virginia (US). The ...

Telxius agrees to acquire 1,909 Brazil towers from Vivo

Published 29 Nov 2019 09:21 CET | Brazil
Telefonica's infrastructure subsidiary Telxius has announced an agreement to acquire 1,909 towers in Brazil from the group's ...

Telefonica unveils plan to spin off LatAm business and prioritise Spain, Brazil, UK, Germany

Published 28 Nov 2019 09:23 CET | Brazil
Telefonica has announced a major organisational restructure following a meeting of its board of directors. The company's 5-point ...

Telefonica to monetise mobile towers portfolio 'within a year'

Published 11 Sep 2019 09:30 CET | Spain
Telefonica has announced that it intends to accelerate a plan to monetise its extensive tower portfolio as part of a strategy ...

Telxius revenues up 14% in Q2 on Marea cable capacity sale

Published 25 Jul 2019 13:35 CET | World
Telefonica's infrastructure subsidiary Telxius reported second-quarter revenues up 14.2 percent from a year earlier on an organic ...

Telxius revenues up 30% in Q3 on Brusa cable capacity sale

Published 31 Oct 2018 13:43 CET | Spain
Telefonica's infrastructure subsidiary Telxius reported third-quarter revenues up 30.6 percent from a year earlier to EUR 231 ...