Telefonica and Zara billionaire to buy KKR’s stake in Telxius

Telefonica spun off its infrastructure unit, Telxius, back in 2016, giving the unit control of what then amounted to around 16,000 telecoms towers in five countries and roughly 31,000km of submarine fibre optic cables. 
With investors keen to take advantage of these valuable infrastructure asserts, Telefonica quickly announced that it would launch an initial public offering (IPO) for Telxius…

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