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Telefonica, a Spanish telecommunications company, plans to partially sell the submarine infrastructure operated by its Telxius, and then split the assets into its independent infrastructure division, Telefonica Infra
, established in 2019.
Telefónica is currently assessing the interest
of potential buyers through consultants.
In recent years, Telefónica has been looking for ways to
reduce its debt burden.
It was previously reported that Telefónica plans to sell the business
for 2 billion euros.
Telxius' subsea infrastructure business currently has earnings before interest, taxes, depreciation and amortization (EBITDA) of just over €200 million
.
Founded in 2016, Telxius expects the company to operate 100,000 kilometers
of submarine cables worldwide by 2021.
Telefonica, a Spanish telecommunications company, plans to partially sell the submarine infrastructure operated by its Telxius, and then split the assets into its independent infrastructure division, Telefonica Infra
, established in 2019.
Telefónica is currently assessing the interest
of potential buyers through consultants.
In recent years, Telefónica has been looking for ways to
reduce its debt burden.
It was previously reported that Telefónica plans to sell the business
for 2 billion euros.
Telxius' subsea infrastructure business currently has earnings before interest, taxes, depreciation and amortization (EBITDA) of just over €200 million
.
Founded in 2016, Telxius expects the company to operate 100,000 kilometers
of submarine cables worldwide by 2021.