Telefonica Brasil completes tower sale

11 Feb 2020

Telefonica Brasil (Vivo) has informed its shareholders that it concluded the sale of 1,909 ‘structures’ (towers and rooftop sites) to Telxius Torres Brasil, an indirect subsidiary of Telefonica Group. The transaction was valued at BRL641 million (USD148.3 million) and was completed on 7 February after the telco received approval from the Administrative Council for Economic Defence (Conselho Administrativo de Defesa Economica, CADE).

Brazil, Telefonica, Telefonica Brasil (Vivo), Telxius