![]() ![]() ![]() The agreement establishes the sale of a number of approximately telecommunication tower sites and comprises two separate and independent transactions (on one hand, the Europe business and, on the other hand, the Latin American business), setting the respective closings once the corresponding regulatory authorizations have been obtained.Īmong other aspects, the sale agreement provides for a commitment to the employment by ATC. (a company of the Telefónica Group minority-owned, directly or indirectly, by KKR and Pontegadea), has signed an agreement with American Tower Corporation (“ATC”) for the sale of its telecommunications towers division in Europe (Spain and Germany) and in Latin America (Brazil, Peru, Chile and Argentina), for an amount of, payable in cash. Madrid, January 13 2021.- Telefónica informs that, today, its subsidiary Telxius Telecom, S.A. ![]() The agreement reached contemplates the maintenance of the current lease contracts of the towers and includes the maintenance of employment by American Towers Corporation (ATC).The deal is part of the strategy and fulfillment of the Telefónica Group’s plan, which includes, among other objectives, an active portfolio management policy for its businesses and assets, based on value creation.The implied multiple of value over OBITDAaL proforma would be 30.5 times, if such number is adjusted to consider the full impact of the German portfolio acquired by Telxius in June 2020.Outstanding Debentures&Bonds of Telefónica S.A.Communications prior to 8 February 2020.Annual Reports on the Remuneration of Directors.Company’s Internal Regulations: By-Laws and Regulations. ![]()
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