Telefonica Mulls $2.4 Billion Submarine Cable Sale: Expansion By Laura Millan Lombrana, Bloomberg November 7, 2020 Telefonica SA has begun talks with international investors to sell its submarine-cable network, Expansion reported citing unidentified market sources. The Madrid-based company hopes to value the business at about 2 billion euros ($2.37 billion), or as much as 10 times [...]
Telefonica Considering Split of Submarine Cables From Telxius - Report By Telecompaper March 6, 2020 Telefonica is planning to split its submarine cables business from the rest of its infrastructure subsidiary Telxius, according to unnamed sources cited by Bloomberg and subsequently reported by El Economista. The company is in the process of discussing the move [...]
Telxius Revenues up 14% in Q2 on Marea Cable Capacity Sale By Telecompaper July 25, 2019 Telefonica’s infrastructure subsidiary Telxius reported second-quarter revenues up 14.2 percent from a year earlier on an organic basis to EUR 216 million thanks above all to the exceptional sale of capacity on its new Marea submarine cable across the [...]
Telefónica Centroamérica Inversiones Agrees the Sale of Telefónica Guatemala and El Salvador to América Móvil for 570 Million Euros Telefonica Press Release January 24, 2019 TELEFÓNICA, S.A. (“Telefónica” or the “Company”) in compliance with the Securities Market legislation, hereby communicates the following INSIDE INFORMATION Today, Telefónica's subsidiary Telefonica Centroamérica Inversiones, S.L., 60% of which is [...]
Telefonica Is Said to Weigh Sale of Data Centers to Reduce Debt By Manuel Baigorri, Charles Penty - Bloomberg November 6, 2018 Telefonica SA is considering options including a sale of its data-center business as the Spanish telecom group seeks to pay down debt, people with knowledge of the matter said. The former telecom monopoly [...]
Telefonica Considers Fixed Network Sale By Mobile World Live July 5, 2018 Telefonica is reportedly mulling the sale of part of its fixed line network in Spain, as the company looks to lower debt and boost declining stock market value. Sources cited by Spanish publication El Confidencial said the company’s board of directors proposed selling [...]
By Telecompaper November 14, 2017 Telefonica has announced that private equity firm KKR exercised the previously agreed call option over 38 million shares of its infrastructure subsidiary Telxius (representing 15.2 percent of its share capital) for EUR 484.5 million. As a result of this operation and together with the 24.8 percent stake it acquired last month, KKR [...]
By Telecompaper October 25, 2017 Telefonica has completed the transfer of 24.8 percent of the shares of its infrastructure subsidiary Telxius to private equity firm KKR for EUR 790.5 million as part of a deal reached in February to sell up to 40 percent of Telxius to KKR for a total of EUR 1.275 billion after receiving [...]
By Telecompaper August 14, 2017 Telefonica has upgraded its submarine cable system connecting Argentina with the US and Central America, reports news agency Efe. The South American-1 cable offers the company four alternative terrestrial routes to maintain connectivity, with two routes each over the Atlantic and Pacific oceans. Read more...
By Infinera Press Release July 10, 2017 Sunnyvale, California – Infinera, a provider of Intelligent Transport Networks, announced that Telxius, the global telecommunications infrastructure company created by Telefónica, now offers its customers on-demand software-defined terabit capacity subsea service activation on Telxius’ SAM-1 subsea network between the U.S., Brazil and Puerto Rico. These on-demand services are enabled by [...]