January 16, 2021

Telefónica sells the Telxius tower division to American Tower for 7,700 million in cash


MADRID

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Telefónica has communicated this Wednesday to the CNMV the sale of its telecommunications tower subsidiary Telxius Telecom to American Tower Corporation (ATC) for 7,700 million euros give cash. The tower division is located in Europe (Spain and Germany) and in Latin America (Brazil, Peru, Chile and Argentina).

This agreement involves the transfer of a total of approximately 30,722 telecommunications tower sites through two separate and independent transactions that include, on the one hand, the sale of the European business and, on the other, that of Latin America.

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