KKR acquired a 40% stake in Telxius, a leading critical telecom infrastructure owner & service provider in Europe and Americas, from Telefonica for EUR1.5bn. Jesus Olmos, Member & Global Co-Head of Infrastructure and Head of Spain at KKR, said: "The combination of Telefonica's industrial expertise and KKR's financial and operational support will help Telxius as it continues to scale and grow. We are confident that the exploding demand for mobile data, driven by the rise in 4k and virtual reality content, together with the need for reliable internet infrastructure will help drive strong growth in the business."