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Telefónica announces Telxius IPO to cut debt pile, prepares strategic options for O2

Connectivity BusinessbyConnectivity Business
September 5, 2016
in Investments, Space Services
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Telefónica plans to list its infrastructure unit Telxius before the end of the year and is considering taking its British subsidiary O2 UK public too. Telefónica will maintain a majority stake in Telxius but surrender at least 25% of its equity and use the proceeds to cut its €52.6bn (US$58.3bn) debt pile. Telefónica (MAD:TEF) plans to list its infrastructure unit Telxius before the end of the year and […]

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