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Telefonica to sell submarine cable business

Christian Fernsby |
elefonica has hired Societe Generale and Greenhill to sell the submarine cable business of its infrastructure unit Telxius as part of its wider divestment plan, Cinco Dias newspaper reported on Monday.

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The sale of the submarine cable business would be followed by other corporate operations around Telxius, the newspaper reported.

Telxius will operate 100,000 kilometres of submarine cable by 2021, according to its website.

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