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Telefónica seeking as much as €3.75bn from Telxius IPO

Connectivity BusinessbyConnectivity Business
September 20, 2016
in Investments
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Telefónica is planning to list up to 40% of its wholly-owned infrastructure unit Telxius to raise some €3bn-€3.75bn (US$3.4bn-US$4.2bn) in a bid to cut its debt pile of about €53bn (US$59bn). Spanish market regulator CNMV approved the prospectus today, which will be directed exclusively at qualified investors, with an indicative non-binding price range set at between €12 (US$13.42) and […]

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