The formation of Telefónica’s Telxius, and what it means for the global tower industry
Motivations behind the carve out of Telefónica’s Spanish towers and what their transaction history suggests about future activities
By Laura Dinnewell, Head of EMEA, TowerXchange
On 10 February 2016, Telefónica announced the creation of Telxius a new global company which will bring together a selection of the group’s infrastructure assets. A number of newly created companies (including Wireless Towers) are scheduled to be integrated into Telxius over the coming months.
Alberto Horcajo, former CFO of Telefónica Brasil, has been announced as Telxius’ new CEO. In a press release it was stated that the formation of Telxius is as part of a strategy to optimise Telefónica’s asset portfolio, taking a more specialised and focused approach.