KKR €1.275 billion acquisition of 40% of Telxius Telecom

Overview:

• Kohlberg Kravis Roberts & Co (KKR) has acquired a 40% stake in Telefónica's telecommunications infrastructure company Telxius Telecom for €1.275 billion.
• The deal amounts to €12.75 a share, with KKR acquiring 62 million of shares initially for €790 million, with the option to acquire an additional 38 million shares for €485 million.
• Telxius was formed in 2016 and owns a portfolio of 16,000 towers across Spain, Germany, Brazil, Chile and Peru and manages 65,000km of submarine fibre optic cables.

Sam Duke - Editor