0
Broadband

Telefonica signs up banks to sell undersea cable network - report

Monday 30 November 2020 | 13:52 CET | News
Telefonica has commissioned Societe Generale and Greenhill to sell the undersea cable business of its infrastructure subsidiary Telxius, according to unnamed sources cited by business daily Cinco Dias. The move confirms earlier reports, which indicated that Telefonica was seeking to raise some EUR 2 billion from the sale, around 10 times the business's EBITDA, to cut its debt burden, followed by other corporate operations involving Telxius.

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: Fixed
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 infrastructure unit Telxius to American Tower for EUR 7.7 bln

Published 13 Jan 2021 09:06 CET | Europe
Telefonica has reached an agreement to sell its towers division Telxius to US infrastructure giant American Tower Corporation for ...

Telxius to land Google's Grace Hopper cable at Bilbao hub

Published 16 Dec 2020 10:55 CET | Spain
Telefonica's infrastructure subsidiary Telxius confirmed that it will provide landing and colocation services for Google's new ...

Omantel attracts 3 tower bidders for deal worth over USD 500 mln - report

Published 15 Dec 2020 11:02 CET | Oman
Omantel has attracted three bidders in the second round of the sale of its tower network, in a deal that could be worth over USD ...

Telefonica weighing EUR 2 bln undersea cable sale - report

Published 09 Nov 2020 09:36 CET | Spain
Telefonica is in talks with international investors on the possible sale of its undersea cable network with a view to cutting ...

Telefonica Infra sales up 2% to EUR 194 mln in Q3, passes 26,500 towers

Published 29 Oct 2020 14:55 CET | World
The Telefonica group's Telefonica Infra unit reported third-quarter revenues up 2.0 percent year on year on an organic basis to ...

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 ...

Why selling passive infrastructure creates value

Published 07 Aug 2020 10:23 CET | World
Selling infrastructure is a growing trend in the telecom industry, and more specifically, the passive infrastructure. This is a ...

Telefonica Infra revenues down 2% to EUR 208 mln in Q2, traffic up 46%

Published 30 Jul 2020 14:54 CET | World
The Telefonica group's new Telefonica Infra unit, comprising its stakes in communications towers and other telecommunications ...

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 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 ...

Telxius revenues up 7% to EUR 204 mln in Q4 on towers boost

Published 20 Feb 2020 15:04 CET | Spain
Telefonica's infrastructure subsidiary Telxius reported fourth-quarter revenues up 6.8 percent from a year earlier on an organic ...

Navarro takes over as Telefonica strategy chief

Published 20 Feb 2020 14:34 CET | Spain
Telefonica has announced more changes to its Executive Committee following the departure of Enrique Lloves, head of Strategy, ...

Telxius to partner with Orange on rollout of Google's Dunant trans-Atlantic cable

Published 18 Feb 2020 10:53 CET | France
Telefonica's infrastructure subsidiary Telxius is joining forces with Orange on Google's Dunant project to connect the US to the ...





Calendar   /   Industry Events

25 Jan Edgeware EGM
25 Jan The Things Conference 2021
26 Jan F5 Networks fiscal Q1
26 Jan Microsoft fiscal Q2
26 Jan Verizon Communications Q4 2020
26 Jan Meetup MENA
27 Jan AT&T Q4 2020
27 Jan Corning Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan MediaTek Q4 2020
27 Jan Uptime
28 Jan Samsung Electronics Q4 2020
28 Jan Juniper Networks Q4 2020
28 Jan Comcast Q4 2020
28 Jan Rogers Communications Q4 2020
28 Jan Crown Castle Q4 2020
28 Jan Skyworks fiscal Q1
28 Jan 8x8 fiscal Q3
29 Jan Charter Communications Q4 2020
29 Jan Ericsson Q4 2020
29 Jan NEC fiscal Q3
29 Jan Telia Q4 2020
01 Feb Cirrus Logic Q3
01 Feb NXP Semiconductors Q4 2020
01 Feb Harmonic Q4 2020
01 Feb On Semiconductor Q4
::: More Calendar Items