TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Access Evolution

Access Evolution

Telefónica strengthens its alliance with Pontegadea to increase its stake in Telxius Telecom’s submarine cable infrastructure

Via Telefónica

Feb 2, 2022

Telefónica and Pontegadea consolidate their alliance in Telxius Telecom to strengthen their commitment to submarine cables, an asset that has proved critical during the pandemic and whose contribution will be equally fundamental in the development of the new digital era. The two partners are increasing their stake in Telxius Telecom, a global telecommunications infrastructure company, by acquiring a 40% stake in Telxius Telecom, previously held by KKR.

With this transaction, Telefónica will increase its stake to 70% and Pontegadea will increase its stake to 30%. The acquisition is carried out for an estimated amount of 215.7 million euros, pending, among others, the corresponding adjustments derived from the sale of Telxius’ tower business to American Tower in 2021.

A critical infrastructure

Telxius Telecom has one of the largest and most promising cable networks in the world. It is an international network of high-capacity submarine fibre optic cables, which extends 94,000 kilometres and includes new generation systems as Marea, Brusa and Mistral, as well as SAm-1, the system that connects the United States with Latin America since 2000, among others.

Through its Tier 1 IP network, Telxius Telecom provides direct connectivity to the internet with a coverage of 93 points of presence and 27 landing stations in 23 countries. In addition, Telxius Telecom offers an extensive range of capacity services, colocation and security services.

This global ecosystem of state-of-the-art network infrastructures and facilities meets the needs of numerous business customers and organisations, which require high capacities and low latency for the development of their activity, including the big Hyperscalers. Cable networks have proven to be critical in their response to challenging environments, such as during the pandemic, and will be equally decisive for the development of the metaverse, web3 and the new digital era.

The closing of the transaction is subject to regulatory and competition approvals.

Related Topics
  • Access Evolution,
  • Submarine Network,
  • Telco & CSP,
  • Telefónica,
  • Tracker

More Like This

Telcos and Public Cloud

What’s up with… BT and Azure, Telecom Italia, Ofcom and Openreach

Feb 3, 2023

Access Evolution

Ofcom consults on proposed Openreach FTTP pricing offer

Feb 3, 2023

Access Evolution

Deutsche Telekom completes majority sale of GD Towers

Feb 3, 2023

Access Evolution

Nokia builds multi-terabit pan-Africa optical backbone for Liquid Intelligent Technologies

Feb 3, 2023

5G Evolution

What’s up with… Verizon and Verana, BT, ETSI

Feb 2, 2023

This content extract was originally sourced from an external website (Telefónica) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).