Telefonica set up a new firm called Telxius to house its global infrastructure assets, with a brief to get involved with growth opportunities “including the possibility of incorporating third party assets”.

The business will be headed by Alberto Horcajo, currently CFO at Telefonica Brasil.

Initial assets include around 15,000 Telefonica telecommunication towers in Spain and other countries, as well as the Telefonica Group’s international network of 31,000 km of submarine fibre optic cable.

The creation of Telxius “is part of the optimisation strategy for the Telefónica Group asset portfolio,” the operator said, and will enable the management of the Telefónica Group’s infrastructure on a global scale with a more specialised and focused approach.

The idea is to offer more services to other operators, as well as improve the return on capital invested. In addition, the new move will allow Telxius “to participate in the growth opportunities that exist in the industry, including the possibility of incorporating third party assets”, which seems like a reference to M&A possibilities for the new firm.

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