Telefónicawatch

Bids expected for Telxius subsea cables

2021-04-08T13:11:00

tfw152-tt-telxius-submarine

Source: Telxius

Telefónica debt reduction strategy set to extend to submarine infrastructure as buyers are sought for 100,000km cable network. Reports indicate that an agreement is wanted by mid-2021, with rough valuations standing around the €2bn mark.

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