• CTIL Vodafone and Telefónica give themselves free rein to monetize their joint telecommunications towers in the United Kingdom

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Telefónica reported this Wednesday that its subsidiary Telxius Telecom has signed an agreement with American Tower Corporation (ATC) to

sell its telecommunications tower division



(Spain and Germany) and in

Latin America

(Brazil, Peru, Chile and Argentina), for 7,700 million euros.

In a relevant event submitted to the National Securities Market Commission (CNMV), Telefónica explained that the aforementioned agreement, which

will be paid in cash

, establishes the sale of a number of approximately

30,722 telecommunications tower sites

and comprises two separate and independent transactions (on the one hand, the sale of the business in Europe and, on the other, that of Latin America).

According to the criteria of The Trust Project

Know more

  • Telephone

  • Europe

  • Brazil

  • Argentina

  • Chile

  • Germany

  • Peru

  • Business

  • economy

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