Telefonica announced this morning that its subsidiary Telxius has signed an agreement with American Tower for the sale of its towers division in Europe for €7.7bn.
It’s indeed an impressive price and TEF succumbed logically to the sirens of American Tower to reduce its debt a little more.
We maintain our opinion at Buy on the stock.
13 Jan 2021
How can one resist the sirens' call at such a price
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How can one resist the sirens' call at such a price
Telefonica announced this morning that its subsidiary Telxius has signed an agreement with American Tower for the sale of its towers division in Europe for €7.7bn.
It’s indeed an impressive price and TEF succumbed logically to the sirens of American Tower to reduce its debt a little more.
We maintain our opinion at Buy on the stock.