Telxius

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Telxius Telecom S.A. is a global telecommunications infrastructure company created in 2016, owned by Telefónica Infra, a subsidiary of Spanish telecommunications company Telefónica. On February 21, 2017, Telefónica announced an agreement reached with KKR for the sale of up to 40% of Telxius, for a total amount of 1,275 million euros; 12.75 euros per share. In 2018, BRUSA, a new maritime cable of almost 11,000 kilometers that connects Brazil, Puerto Rico and the US, started operating; as well as MAREA, a cable that connects the United States and Europe in collaboration with Microsoft and Facebook. On July 27, 2019, Telefónica reached an agreement with Pontegadea, investment vehicle of Amancio Ortega, for the sale of 9.99% of Telxius for a total amount of 378.8 million euros. The transaction involves a price of 15.2 euros per Telxius share. In 2021, Telefonica agreed to sell the European and Latin American tower divisions of Telxius to American Tower, comprising approximately 31,000 communications sites, for $9.6 billion. The sold sites were located in Spain, Germany, Argentina, Brazil, Chile, and Peru. In February 2026, Telxius named Antonio Ledesma as new CEO. Ledesma succeeded Mario Martín, who was recently appointed as head of Telefónica’s office in the United Kingdom. With an international cable network, Telxius manages 100,000 kilometers of submarine fiber optics connecting Europe and America, of which more than 31,000 kilometers are owned.