Telxius

M&A

Telefónica sells infra biz to American Tower

Telxius finds a home at US infrastructure giant. Transaction expected to wipe €4.6bn off Telefónica net debt.

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Cornerstone (CTIL).

Network & Infrastructure

Vodafone bulks up Vantage Towers with Cornerstone

Vodafone UK and Telefónica UK give each other freedom to “commercialise” their 50% stakes in Cornerstone JV. Transfer of Vodafone’s shareholding to Vantage Towers to take place within weeks. Important (and long-awaited) addition to Vodafone’s European TowerCo ahead of upcoming IPO.

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M&A

Telefónica seeks suitor with Chile exit in pipeline

Speculative report suggests Group is ready to relinquish interest in a key pillar of its Hispam unit as monetisation plans evolve. Liberty flagged as front runner, although may face regulatory challenges, and other runners and riders not ruled out.

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People

Latest Telefónica people moves: global Tech changes

Recently‑established Telefónica Tech subsidiaries bed in across regional outposts. Well‑travelled strategy exec lands at O2 UK.

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Partnerships & Alliances

Telefónica in on SEAT’s flagship Spanish e‑vehicle plan

Longstanding partner builds-out connected-car alliance with Telefónica. Group lends hand to SEAT’s goal of accelerating electric vehicle adoption in Spain.