Why the Telxius IPO was cancelled

TowerXchange seeks to derive lessons learned from the cancelled IPO of Telefónica’s towerco

Read this article to learn:

  • Why demand from investors proved inadequate
  • What assets were included, and excluded, from Telxius
  • What Telefónica might do next
  • Transferrable lessons learned

**UPDATE** Telefonica has agreed to sell a 40% stake in Telxius to KKR, beating bidders including GIC Private, CVC Capital Partners, and Ardian, who were all believed to be interested in the asset. The deal is valued at €1.3bn and includes a call option for 62mn Telxius shares for €790.5n. Investors were underwhelmed by the package of…

Towercos and MNOs are entitled to a free subscription. Please login with your usual credentials or apply for a new account.

This content is for Subscribers only

To read the full article either login below or follow the link to subscribe.

Log In Subscribe


Announcing an enhanced TowerXchange Journal – subscribe now!

Our new improved offering will allow you to access the insight and analysis you have come to rely on from TowerXchange – but in a format that suits you.

We would love you to continue to receive the TowerXchange Journal by subscribing, and to contribute to the knowledge sharing and information resource we have built up in the form of over 2.5mn words of research and almost 1,000 CXO interviews. An individual subscription costs GBP£2,500 per year, with corporate subscriptions priced according to scale.

Subscribe now