Telxius Telecom S.A. is a global telecommunications infrastructure company created in 2016, owned by Telefónica Infra, a subsidiary of Spanish telecommunications company

Telefónica Telefónica, S.A. () is a Spanish Multinational corporation, multinational telecommunications company headquartered in Madrid, Spain. It is List of telephone operating companies, one of the largest telephone operators and List of mobile network ...

History

On February 21, 2017, Telefónica announced an agreement reached with KKR for the sale of up to 40% of Telxius, for a total amount of 1,275 million euros; 12.75 euros per share. In 2018, BRUSA, a new maritime cable of almost 11,000 kilometers that connects Brazil, Puerto Rico and the US, started operating; as well as MAREA, a cable that connects the United States and Europe in collaboration with

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and

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. On July 27, 2019,

reached an agreement with Pontegadea, investment vehicle of Amancio Ortega, for the sale of 9.99% of Telxius for a total amount of 378.8 million euros. The transaction involves a price of 15.2 euros per Telxius share. In 2021, Telefonica agreed to sell the European and Latin American tower divisions of Telxius to American Tower, comprising approximately 31,000 communications sites, for $9.6 billion. The sold sites were located in Spain, Germany, Argentina, Brazil, Chile, and Peru.

Infrastructure

With an international cable network, Telxius manages 100,000 kilometers of submarine fiber optics connecting Europe and America, of which more than 31,000 kilometers are owned. It includes, among other infrastructures, SAM-1, the submarine cable system that connects the United States with Central America and South America since 2000; PCCS (Pacific Caribbean Cable System), which links the US,

Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...

Curaçao Curaçao ( ; ; pap, Kòrsou, ), officially the Country of Curaçao ( nl, Land Curaçao; pap, Pais Kòrsou), is a Lesser Antilles island country in the southern Caribbean Sea and the Dutch Caribbean region, about north of the Venezuela coas ...

, Colombia,

Panama Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Co ...

and

Ecuador Ecuador ( ; ; Quechuan languages, Quechua: ''Ikwayur''; Shuar language, Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechuan ...

; and Unisur, which connects

Uruguay Uruguay (; ), officially the Oriental Republic of Uruguay ( es, República Oriental del Uruguay), is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast; while bordering ...

and Argentina.

Sports sponsorship

Telxius is a co-sponsor of the Sopela Women's Team. It is a Basque team of cyclists that has a total of twelve runners, whose purpose is to meet all the first level tests that benefit the development of female athletes.

Shareholders

On February 21, 2017, Telefónica announced an agreement reached with KKR for the sale of up to 40% of Telxius, for a total amount of 1,275 million euros; €12.75 per share. On July 27, 2019, Telefónica reached an agreement with Pontegadea, Amancio Ortega's investment vehicle, for the sale of 9.99% of Telxius for a total amount of 378.8 million euros. The transaction represents a price of 15.2 euros per Telxius share. In February 2022, Telefónica and Pontegadea bought 40% of Telxius from KKR. The acquisition is carried out for an estimated amount of 215.7 million euros, pending, among others, the corresponding adjustments derived from the sale of the Telxius tower business to American Tower in 2021.

References

External links

*{{Official, https://telxius.com/ Companies based in Madrid