Telxius agrees to acquire 1,909 Brazil towers from Vivo

Nieuws Breedband Brazilië 29 NOV 2019
Telxius agrees to acquire 1,909 Brazil towers from Vivo
Telefonica's infrastructure subsidiary Telxius has announced an agreement to acquire 1,909 towers in Brazil from the group’s local unit Telefonica Brasil (Vivo) for a total of BRL 641 million (around EUR 140 million). The deal, subject to approvals from Brazil’s antitrust authority CADE, will double the size of Telxius in Brazil to 3,850 owned sites, consolidating its position as one of the main neutral infrastructure operators in the country.

The majority (82%) of the newly-acquired towers are located in urban areas, including over half (52%) in Brazil’s main cities of Sao Paulo and Rio de Janeiro. The aim is to strengthen the company’s presence in Brazil’s urban areas, where mobile operators will be focusing their mobile broadband infrastructure rollout, above all when it comes to 5G deployment, said Telxius, adding that the towers' location and current tenancy ratio of 1.10x indicate a high growth potential.

With the 3,000 new sites acquired this year in Brazil, Peru, Chile and Spain, Telxius now has over 20,000 sites globally, with around 70 percent localted in Europe (Spain and Germany) and the remaining 30 percent in Latin America (Brazil, Peru, Chile and Argentina). Telefonica recently announced the creation of a new unit called Telefonica Infra to hold the group’s shareholdings in communications towers and other telecommunications infrastructure vehicles, with its 50.01 percent stake in Telxius as the unit's main asset.

Categories:

Vast,  Mobiel

Companies:

Telefonica Brasil,  Vivo,  Telxius

Countries:

Brazilië

Tags:

Network equipment, Wholesale, Corporate strategy, M&A buyouts & divestments

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