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Telefonica sells 2,029 towers in Ecuador and Colombia to Phoenix Tower for EUR 290 million

2019-12-24 08:58:00| Telecompaper Headlines

(Telecompaper) Telefonica has continued its strategy of monetising infrastructure assets by selling 2,029 towers in Ecuador and Colombia to Phoenix Tower International (PTI) for around EUR 290 million. In total, Telefonica Ecuador sold 1,408 towers for EUR 202 million while Telefonica Colombia sold a further 621 towers for EUR 87 million, complementing other tower disposals executed earlier in the year.

Tags: eur million colombia phoenix

Category:Telecommunications

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