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Telefonica to raise up to EUR 1.5 billion in Telxius IPO

2016-09-20 17:47:00| Telecompaper Headlines

(Telecompaper) Telefonica has launched the initial public offering for its infrastructure company Telxius and looks to raise up to EUR 1.5 billion. The Spanish operator is offering 90.9 million shares of 36.36 percent of the capital of Telxuis to qualified investors in a bookbuilding process running 20-29 September. The indicative price range for the shares is EUR 12-15 per share, meaning gross proceeds of EUR 1.09-1.36 billion. If demand is strong, Telefonica will sell additional shares to list in total 40 percent of the company. Pricing of the IPO is planned for 29 September, and the shares are expected to start trading in Madrid on 03 October. Telefonica plans to use the proceeds from the IPO for debt reduction.

Tags: eur raise billion ipo

Telefonica confirms O2 UK IPO under consideration

2016-09-05 16:04:00| Telecompaper Headlines

(Telecompaper) Telefonica has confirmed that a stock market listing is among the options under consideration for its unit O2 UK. Following a number of media reports suggesting an IPO was in the works, Telefonica issued a statement saying it's considering various strategic options, all of which would involve the Spanish operator maintaining a majority stake in the UK company. These options include, among others, a potential initial public offering, and preparatory work in connection with the options has started. Further details were not provided.

Tags: under consideration ipo confirms

Telefonica details Telxius IPO plan, mulls O2 UK listing

2016-09-05 02:00:00| Total Telecom industry news

Spanish incumbent to float at least 25% of infrastructure arm before the end of the year.

Tags: details plan listing ipo

Telefonica may proceed with Telxius IPO at end Sept - report

2016-08-31 11:52:00| Telecompaper Headlines

(Telecompaper) Telefonica has once again begun working on the planned IPO of its infrastructure division Telxius now that the impact of Brexit on markets appears to have died down, according to unnamed sources cited by Bloomberg. Banks working on the IPO could start meetings with investors as early as next week, allowing Telefonica to list the company on the Madrid stock exchange by the end of September, said the sources. In June the company said it was delaying its already well advanced plans to list its infrastructure unit due to market instability following the UK vote to leave the EU.

Tags: end report sept proceed