Shortlist announced for The Tech Capital Global Awards 2023
London, UK, Apr. 18, 2023 – The Tech Capital, a digital media, reports, and events platform providing valuable daily content and data covering investment and...
The operator sold the stake in 2017 for more than $1.3 billion to KKR but as the subsea ecosystem enjoys a 7.1% CAGR to 2027, current and future data demand seems to prove to be good reason enough for Telefónica wanting more stock.
Founder and Editor, The Tech Capital
5 Mins
February 03, 2022 | 12:19 AM GMT
Spanish telecom giant Telefónica (BME: TEF) and real estate firm Pontegadea said they have entered into an agreement to buy a 40% stake in submarine cables operator Telxius Telecom, previously held by US investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) (NYSE: KKR).
Founder and Editor, The Tech Capital
The Africa Coast to Europe (ACE) submarine cable has been extended down the coast of western Africa...
Over the period of 2019-2021, more than 50 submarine projects have been proposed, worth an investme...
After weeks of speculation, CyrusOne Inc. (NASDAQ: CONE) has been sold to a group of private equity...