Telephone's confirms that it is looking for alternatives for its portfolio of locations

Telephone's mobile site portfolio is made up of about 68,000 towers, of which nearly 18,000 is owned through Telxius , its infrastructure subsidiary. The company is 40% owned by the US fund KKR and 9.99% by Pontegadea, one of the investment firms of Amancio Ortega. Of the remaining 50,000, more than 60% are located in Spain, the United Kingdom, Germany and Brazil, through various subsidiaries and investee organizations.

From Telephone they set a deadline for this monetization of their tower portfolio: the next 12 months. However, they do not clarify at the moment the ways to do it, although they point to the incorporation in Telxius of part of the 50,000 locations that belong to the subsidiaries . And they open the door to other possibilities, indicating that " the company could also study other alternatives ." A route that could be interesting, at a time when there is another Spanish company especially active in the sector: Cellnex Telecom . The firm has established an expansion strategy that has led it to significantly expand its portfolio in 2019, with the purchase of the Irish Cignal as the most recent operation.

According to Telephoneestimates, the portfolio of mobile sites that do not belong to Telxius could generate about 830 million euros in revenue and about 360 million euros in OIBDA.

The announcement of the monetization of mobile towers has been completed with what they have called their " reskilling and ups killing program ", which they expect to affect 6,000 workers. Part of these plans could take the form of retirement and incentive leave . The proposal will be discussed between the company and the union representatives in the near future.

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