trending Market Intelligence /marketintelligence/en/news-insights/trending/EKCFwf9yRI58GZZjg7RYOQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Telefónica sells 2,029 towers in Ecuador, Colombia


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021


Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Telefónica sells 2,029 towers in Ecuador, Colombia

Telefónica SA sold 2,029 towers in Ecuador and Colombia to Phoenix Tower International LLC for about €290 million.

The transaction comprised the sale of 1,408 Telefónica Ecuador-owned towers for 202 million and 621 Telefónica Colombia-owned towers for 87 million. Following these transactions, Telefónica, directly and through its subsidiaries, owns roughly 66,000 sites.

The sale is part of the Spanish company's strategy to crystallize the value of its infrastructure amid the recent creation of Telefónica Infra, according to a Dec. 23 company release.

Telefónica sold more than 6,000 mobile telecommunications sites in 2019.