0
General

Telefonica sells up to 40% of Telxius to KKR for EUR 1.3 bln

Tuesday 21 February 2017 | 09:40 CET | News
Telefonica has confirmed the sale of up to 40 percent of its infrastructure subsidiary Telxius to private equity firm KKR for EUR 1.275 billion. In a statement, the Spanish operator said the transaction implies an enterprise value for Telxius of EUR 3.678 billion, or 11.4 times its 2017 EBITDA, including debt. The agreement also includes a call option for 62 million Telxius shares – around 24.8 percent of the unit – for EUR 790.5 million as well as the option to acquire and sell an additional 38 million shares – around 15.2 percent of Telxius – for at least EUR 485 million.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: General
Companies: Telefonica / Telxius
Countries: Spain / World
::: 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 sells further 15.2% of Telxius to KKR for EUR 484.5 mln

Published 14 Nov 2017 11:40 CET | Spain
Telefonica has announced that private equity firm KKR exercised the previously agreed call option over 38 million shares of its ...

Telxius revenues up 8% to EUR 177 mln in Q3

Published 26 Oct 2017 11:37 CET | Spain
Telefonica's infrastructure subsidiary Telxius reported third-quarter revenues up 7.5 percent from a year earlier to EUR 182 ...

Telefonica completes sale of 24.8% of Telxius to KKR for EUR 790.5 mln

Published 25 Oct 2017 08:35 CET | Spain
Telefonica has completed the transfer of 24.8 percent of the shares of its infrastructure subsidiary Telxius to private equity ...

Telxius revenues up 11% to EUR 182 mln in Q2

Published 27 Jul 2017 12:15 CET | Spain
Telefonica's infrastructure subsidiary Telxius reported a year on year organic revenue rise of 11.4 percent to EUR 182 million in ...

Telefonica shareholders approve EUR 0.40 a share dividend

Published 12 Jun 2017 08:34 CET | Spain
Telefonica has announced that its shareholders approved the distribution of a cash dividend of EUR 0.40 per share in 2017 at the ...

America Movil looking to divest Telesites stake - report

Published 29 May 2017 12:01 CET | Mexico
America Movil is preparing to sell a minority stake in its tower unit Telesites, according to unnamed sources cited by Reuters. ...

Telxius revenues up 5.4% to EUR 188 mln in Q1

Published 11 May 2017 11:45 CET | World
Telefonica's infrastructure subsidiary Telxius reported revenues up 5.4 percent year on year to EUR 188 million in the first ...

Telefonica issues USD 500 mln in 30-year bonds

Published 25 Apr 2017 09:27 CET | Spain
Telefonica has announced the issue of a total of USD 500 million in 30-year bonds as part of its US Debt Registered Programme. In ...

Telefonica considering O2 IPO in Q4 - report

Published 25 Apr 2017 09:10 CET | Spain
Telefonica may proceed with an IPO of its O2 UK business before the end of the year as it seeks to reduce a debt level that ...

Telefonica to pay cash dividends in June and December

Published 30 Mar 2017 09:59 CET | Spain
Telefonica has announced the details of its 2017 dividend payments to shareholders in a statement to Spanish market regulator ...

Telefonica issues first USD bonds since crisis

Published 02 Mar 2017 09:18 CET | Spain
Telefonica has announced the issue of a total of USD 3.5 billion in notes in what is its first attempt to raise debt in the US ...

Telefonica grows Q4 organic sales 2.7%, targets stable 2017

Published 23 Feb 2017 08:01 CET | Spain
Telefonica reported an improvement in underlying results in the fourth quarter and said it expects stable revenues and a higher ...

Telefonica confirms several offers for Telxius

Published 13 Feb 2017 10:38 CET | Spain
Telefonica has received several offers to acquire a stake in its infrastructure subsidiary Telxius, according to a short ...

Telefonica in talks to sell 49% stake in Telxius - report

Published 10 Feb 2017 09:50 CET | Spain
Telefonica is in advanced talks with a number of private equity firms, including KKR, CVC and Ardian, plus sovereign fund GIC, to ...

Telefonica still open to selling Telxius, O2 UK stakes

Published 17 Nov 2016 10:07 CET | World
Telefonica's decision to cut its proposed full-year dividend has served to strengthen its position with investors as it continues ...

Telefonica to increase capital up to 4% to pay dividend

Published 11 Nov 2016 15:22 CET | Spain
Telefonica has announced the details of the scrip dividend programme approved by its shareholders in May, stating that it will ...

Telefonica cuts dividend as last resort to lowering debt

Published 27 Oct 2016 08:10 CET | Europe
Telefonica has cut its proposed full-year dividend as the operator looks to hold on to cash flow for investments and debt ...

Telefonica issues EUR 2 bln bond to raise debt

Published 11 Oct 2016 08:26 CET | Spain
Telefonica has announced the issue of EUR 2 bln in notes via Telefonica Emisiones in its first attempt to raise debt following ...

Telefonica abandons EUR 1.5 bln Telxius IPO on weak demand

Published 30 Sep 2016 08:25 CET | World
Telefonica has cancelled its planned initial public offering of infrastructure unit Telxius, citing weak investor demand. The ...

Euskaltel reaches deal to use 11,000 Telxius towers in Spain

Published 27 Sep 2016 11:16 CET | Spain
Spanish regional operator Euskaltel has announced an agreement to use the 11,000 telecommunications towers owned by Telefonica's ...

Telxius to invest over EUR 350 mln in three undersea cables

Published 26 Sep 2016 11:59 CET | Spain
Telefonica's infrastructure subsidiary Telxius is set to invest EUR 352 million over the next three years in three major ...

Telefonica to raise up to EUR 1.5 billion in Telxius IPO

Published 20 Sep 2016 17:47 CET | Spain
Telefonica has launched the initial public offering for its infrastructure company Telxius and looks to raise up to EUR 1.5 ...

Telefonica spins off network assets in new company Telxius

Published 10 Feb 2016 16:53 CET | Spain
Telefonica announced the creation of Telxius, a new company to manage its global infrastructure. Telxius will initially include ...