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
Telefónica's chairman José María Álvarez-Pallete, who has also recently been elected as the new Chairman of the Board of the GSMA, the association of the world’s largest telecommunications groups and smaller independent operators. Source: Telefónica
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
2 Mins|April 24, 2024
4 Mins|April 24, 2024
2 Mins|April 24, 2024
$700m ACE subsea cable now linking South Africa to French Brittany
The Africa Coast to Europe (ACE) submarine cable has been extended down the coast of western Africa...
5 subsea cable investments that will disrupt the Blue Economy
Over the period of 2019-2021, more than 50 submarine projects have been proposed, worth an investme...
KKR and GIP buy CyrusOne for $15bn
After weeks of speculation, CyrusOne Inc. (NASDAQ: CONE) has been sold to a group of private equity...
