Telxius Telecom S.A. is a global telecommunications infrastructure company created in 2016, owned by Telefónica Infra, a subsidiary of Spanish telecommunications company

Telefónica Telefónica, S.A. () is a Spanish multinational telecommunications company headquartered in Madrid, Spain. It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony, broadba ...

History

On February 21, 2017, Telefónica announced an agreement reached with

KKR KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strateg ...

for the sale of up to 40% of Telxius, for a total amount of 1,275 million euros; 12.75 euros per share. In 2018, BRUSA, a new maritime cable of almost 11,000 kilometers that connects Brazil, Puerto Rico and the US, started operating; as well as

MAREA MAREA is a 6,600 km (4,000 mile) long transatlantic communications cable connecting the United States with Spain. Owned and funded by Microsoft and Meta Platforms, but constructed and operated by Telxius, a subsidiary of the Spanish telecom c ...

, a cable that connects the United States and Europe in collaboration with

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

and

Facebook Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin M ...

. On July 27, 2019,

reached an agreement with Pontegadea, investment vehicle of

Amancio Ortega Amancio Ortega Gaona (; born 28 March 1936) is a Spanish billionaire businessman. He is the founder and former chairman of Inditex fashion group, best known for its chain of Zara and Bershka clothing and accessories shops. As of November 202 ...

, for the sale of 9.99% of Telxius for a total amount of 378.8 million euros. The transaction involves a price of 15.2 euros per Telxius share. In 2021, Telefonica agreed to sell the European and Latin American tower divisions of Telxius to

American Tower American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquart ...

, comprising approximately 31,000 communications sites, for $9.6 billion. The sold sites were located in Spain, Germany, Argentina, Brazil, Chile, and Peru.

Infrastructure

With an international cable network, Telxius manages 100,000 kilometers of submarine fiber optics connecting Europe and America, of which more than 31,000 kilometers are owned. It includes, among other infrastructures, SAM-1, the submarine cable system that connects the United States with Central America and South America since 2000; PCCS (Pacific Caribbean Cable System), which links the US,

Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...

Curaçao Curaçao ( ; ; pap, Kòrsou, ), officially the Country of Curaçao ( nl, Land Curaçao; pap, Pais Kòrsou), is a Lesser Antilles island country in the southern Caribbean Sea and the Dutch Caribbean region, about north of the Venezuela coast ...

Colombia Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Car ...

Panama Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Cos ...

and

Ecuador Ecuador ( ; ; Quechua: ''Ikwayur''; Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: ''Ikwadur Ripuwlika''; Shuar: ''Eku ...

; and Unisur, which connects

Uruguay Uruguay (; ), officially the Oriental Republic of Uruguay ( es, República Oriental del Uruguay), is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast; while bordering ...

and Argentina.

Sports sponsorship

Telxius is a co-sponsor of the

Sopela Women's Team Sopela Women's Team () is a professional cycling team based in Spain, which competes in elite road bicycle racing and track cycling events such as the UCI Women's World Tour and elite women's races. Team history On 7 October 2014, Fanny Riberot ...

. It is a Basque team of cyclists that has a total of twelve runners, whose purpose is to meet all the first level tests that benefit the development of female athletes.

Shareholders

On February 21, 2017, Telefónica announced an agreement reached with KKR for the sale of up to 40% of Telxius, for a total amount of 1,275 million euros; €12.75 per share. On July 27, 2019, Telefónica reached an agreement with Pontegadea, Amancio Ortega's investment vehicle, for the sale of 9.99% of Telxius for a total amount of 378.8 million euros. The transaction represents a price of 15.2 euros per Telxius share. In February 2022, Telefónica and Pontegadea bought 40% of Telxius from KKR. The acquisition is carried out for an estimated amount of 215.7 million euros, pending, among others, the corresponding adjustments derived from the sale of the Telxius tower business to American Tower in 2021.

References

External links

*{{Official, https://telxius.com/ Companies based in Madrid