Telefónica and Pontegadea have acquired the 40% stake in Telxius Telecom, S.A. which to date was held by entities managed by KKR. Consequently, Telefónica and Pontegadea now own 70% and 30% of Telxius, respectively.
Mario Martín, CEO of Telxius, said: “We are very proud of the decision of Telefónica and Pontegadea to strengthen their alliance and increase their participation in Telxius. The closing of this transaction encourages us to continue growing our digital infrastructure business. I would like to thank KKR for their continued support of our strategy focused on growth and value creation over the years.”
https://telxius.com/en/telefonica-and-pontegadea-increase-their-participation-in-telxius/
Telefonica to Divest up to 40% of Infrastructure Operations to KKR for Euro 1.275B
Telefónica announced it has reached an agreement with global investment firm KKR Group for the sale of up to a 40% stake of Telxius Telecom, its global telecommunications infrastructure company, for a total of Euro 1,275 million, or Euro 12.75 per share. Under the agreement, which is subject to regulatory approvals, Telefónica and KKR plan to partner to develop and expand the global telecom infrastructure operation, including through the development...
Telefónica sells 10% stake in Telxius to long-term partner
Telefónica will sell a 9.99% equity stake in Telxius, its infrastructure arm, to Pontegadea for a total of 378.8 million euros. This transaction represents a price of 15.2 euro per share of Telxius. Telefónica said the deal incorporates a long-term partner in a holding company that controls its infrastructure arm. The sale has been structured via Telefónica’s subsidiary, Pontel Participaciones, which owns 60% of Telxius’ capital stock....
