Renta 4 values Telxius, submarine cable owned by Telefónica and Pontegadea, at 10 times 2025 EBITDA
Both partners have asked JP Morgan and Guggenheim to find a buyer for a business that the market values at around €1,200 million. This figure implies a multiple below the double-digit levels paid for other telecoms infrastructure assets. The discount is thought to stem from exposure to Latin America. Report by Renta 4 Telefónica and Pontegadea are reported to have begun the process of exploring the sale of the submarine…







