Spain’s Telefónica has agreed to sell a stake in its towerco Telxius to private equity firm KKR €1.27bn (US$1.34bn) to consolidate its accounts and reduce its debt burden. Under the agreement, the giant Spanish telco will offload up to 40% of Telxius to KKR and will keep operational control. The sale is part of Telefónica’s strategy to optimise its asset portfolio and allocation […]