Telefonica to sell copper network to Macquarie for EUR200m, report says

18 Jan 2022

Telefonica Espana (Movistar) is poised to sell its legacy copper network to Australian infrastructure investment firm Macquarie, Spanish business daily Cinco Dias reports. The article, which cites unnamed ‘financial sources’, says the deal will be worth around EUR200 million (USD228 million).

As previously reported by CommsUpdate, Movistar confirmed that it reached the milestone of 1,000 closed copper plants (i.e. copper exchanges) by 30 June 2021. In total, the telco is understood to operate a total of 8,532 copper exchanges. The telco expects that 100% of the copper network will have been replaced by fibre by 2025.

Spain, Macquarie Asset Management (incl. MIRA), Telefonica Espana (Movistar)