Telefonica Deutschland sells off over 10,000 towers to Telxius, in €1.5bn deal

As part of the agreement, Telxius has committed to build an additional 2,400 additional sites in Germany
Telefonica Deutschland, Telefonica, Telxius, Towers, Europe


Germany’s third largest telco, Telefonica Deutschland has reached an agreement with telecoms infrastructure giant Telxius, to sell off 10,100 of its telecoms towers, in a deal worth €1.5 billion.

The agreement will see Telxius double the size of its tower portfolio to over 32,800 and cements its position as one of the leading neutral global infrastructure operators.

Approximately 80 per cent of Telxius’ telecoms sites are in Europe, while the rest of the portfolio is in Latin America.

Telxius will finance 90 per cent of the value of the acquisition via a capital increase -to be subscribed by its current shareholders in proportion to their participation in the company- and through internally generated resources. The remaining 10 per cent will be financed through incremental debt. Telxius is owned by Telefónica (50,01 per cent), KKR (40 per cent) while the remaining (9.99 per cent) stake is owned by Pontegadea, the company said in a statement to the press.

The deal will include a lease back agreement, which will allow Telefonica Deutschland to continue to access the towers, providing mobile network services across the country.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story