Telefonica sale Telxius


Telefonica's chairman, Alvarez Pallete

Telefonica Has One Headache Less After Sale Of Stake In Telxius

Nearly six months after Telefonica announced the IPO of its infrastructure affiliateTelxius, venture capital firm KKR said it plans to buy 40% of the company for 1.275 billion euros, or 12.75 euros per share. So one headache less for the Spanish telecommunications giant.