Telxius has reached an agreement with Telefónica Deutschland Holding AG, the leading mobile operator in the German market, to acquire 10,100 sites. The agreement, which is subject to regulatory approvals, amounts to a total of 1.5 billion euros. This transaction consolidates Telxius’ position as one of the world’s leading global neutral infrastructure operators.
Once the acquisition and the BTS program are completed, the Telxius tower portfolio will exceed 32,800 sites in the six countries where it operates, doubling its size since Telxius was created in 2016. Of these sites, approximately 80% are located in Europe (Spain and Germany), while the remaining portfolio is in Latin America (Brazil, Peru, Chile, and Argentina).
“This agreement marks an important transformation of Telxius’ profile. It consolidates us as a leading infrastructure company and we significantly increase our exposure to both the tower business and the largest European market. In addition, we ensure an extraordinary growth profile.”
– Mario Martin, CEO, Telxius
This acquisition will allow Telxius to significantly strengthen its presence in Germany, the largest telecommunications market in Europe where a strong deployment by operators is expected to improve mobile broadband coverage and the future deployment of 5G, which will start mainly in urban areas and rooftops. Additionally, the commitments and obligations defined by the German government, the low levels of fiber penetration, and the potential entry of a fourth operator will accelerate network deployments in the country.
Since its creation in 2016, Telxius Towers Germany has experienced a strong growth thanks to its excellent business relationship with the main telecommunications operators and its operational capabilities in the country. Since 2016, it has increased third-party colocations in its current portfolio by 85%, reaching a tenancy ratio of 1.68x.
For more information, you can view the full release here.