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General

Telefonica studying IPO of tower unit Telxius in 2021 - report

Monday 20 July 2020 | 09:36 CET | News
Telefonica is looking to further monetise its infrastructure assets by launching an initial public offering of its subsidiary Telxius, according to unnamed sources cited by Bloomberg. The operator could list its infrastructure arm as early as next year and could raise around EUR 5.75 billion for its 50 percent stake, said the report, with one source indicating that the company also wants to separate its undersea cable operations from the mast operations ahead of any decisions.

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