Phone call off a debut stock for Telxius. The group had planned to bring to market up to 40 percent of its shares at a price of between 12 and 15 euros on the third of October, but eventually will not, as a result of the low demand received.
"Telephone, of common agreement with the global coordinators, has decided to withdraw from the aforementioned deal, not to consider the appropriate valuation of the company Telxius implied in the purchase orders received", he argued the company before the National Commission of the Market of Values (CNMV) of Spain.
The objective was that the operation alivianara the accumulated debts of the group, which amounted to usd 52.600 euros in the first half of this year, said the newspaper el pais. With the entrance in the bag, the operator is expected to capture up to 1,500 million euros, and "will continue to analyze strategic alternatives in relation to that asset," said its president, José María Álvarez-Pallete.
Telxius account with 65,000 kilometers of submarine cable; manages the Pacific Caribbean Cable System, Unisur (between Uruguay and Argentina) and the SAM-1 (with extension throughout the Americas, from the united States to the Caribbean and Central America and from there to South america). In both, integrates Brusa, the cable of 11,000 kilometers that will connect Brazil with the united States and Tide, that will go from that north american country to Europe, a distance of 6,600 miles. It also has 16,000 towers for mobile telecommunications in Brazil, Chile, Peru, Germany and Spain.
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