Telefónica and Pontegadea increase their participation in Telxius

Further to the announcement dated February 1, 2022, and once the relevant regulatory and competition approvals have been obtained, the acquisition by Pontel Participaciones, S.L. (subsidiary of Telefónica and also owned by Pontegadea), of 40% of the share capital of Telxius Telecom, S.A. (“Telxius”) which to date held entities managed by KKR has been completed. As a result of the operation, Telefónica and Pontegadea now own 70% and 30% of Telxius, respectively, through the aforementioned Pontel.

Mario Martín, CEO of Telxius, said: “We are very proud of the decision of Telefónica and Pontegadea to strengthen their alliance and increase their participation in Telxius. The closing of this transaction encourages us to continue growing our digital infrastructure business. I would like to thank KKR for their continued support of our strategy focused on growth and value creation over the years.”