Telefonica sells European and Latin American tower assets 5G

Telefonica has become the latest European telco to take advantage of third-party interest for mobile infrastructure and agreed a deal to sell its European and Latin American masts to the American Tower Company (ATC).

The €7.7 billion sale of its Telxius subsidiary includes 30,772 masts across Argentina, Brazil, Chile, Germany, Peru and Spain but not the UK where O2’s masts are shared with O2 as part of the Cornerstone joint-venture.