Teléfonica agrees the sale of up to 40% of Telxius to KKR for 1,275 million euros (Telefônica Brasil SA)
(World News Brazil)

(Source: Telefônica Brasil SA) The deal implies an enterprise value of 3,678 million euros and an equity value of 3,188 million euros for Telxius and confirms the valuation established for Telxius at the time of the preparations for its initial public offering. Telefónica will maintain a controlling stake of Telxius and consolidate it in its accounts. Madrid, 20th February 2017.- Telefónica today reached an agreement with leading global investment firm KKR Group for the sale of up to 40% of Telxius Telecom, its global telecommunications infrastructure company, for a total amount of 1,275 million euros, or 12.75 euros a share. Under the agreement, which is subject to regulatory approvals,...