KKR to buy 40 pct of Telxius

KKR said Feb. 21 that it has agreed to buy up to 40 percent of Telxius for 1,275 million euros ($1.35 billion). Telefonica Group was the seller. Telxius is the telecommunications infrastructure company of the Telefónica. It owns and operates a portfolio of nearly 16,000 telecommunications towers in five countries.

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