Telefonica announced the creation of Telxius, a new global company that will be managing infrastructure assets within the Group. The infrastructure assets which will initially be brought together in Telxius will include approximately 15,000 Telefónica telecommunication towers in Spain and other countries, as well as the Telefónica Group´s international network of 31,000km of submarine fibre optic cable, including SAM-1, a submarine cable that connects the United States with Central and South America.
According to Telefonica, Telxius will enable the management of the Telefónica Group’s infrastructure on a global scale with a more specialised and focused approach, with the aim of increasing the services provided to other operators, improving the return on capital invested. It will also allow Telxius to participate more actively in the growth opportunities that exist in the industry, including the possibility of incorporating third party assets, said Telefonica.
