American Tower, an independent owner, operator and developer of multitenant communications real estate, agreed to acquire Telxius Telecom, a neutral communications infrastructure operator, from Telefonica, a Spanish multinational telecommunications company, KKR and Pontegadea, a provider of investment management services, for $9.4bn. “This transaction is transformational for our European business and will establish American Tower as one of the largest independent communications infrastructure providers in Europe. It is also complementary for our Latin American portfolio and positions us to drive strong long-term organic growth across both regions while augmenting our new build programs and enhancing our relationships with key tenants. We are excited to broaden our partnership with Telefonica by acquiring a high-quality, well-located portfolio of sites that will further diversify our global footprint and enhance our ability to help provide broadband connectivity for billions of people,” Tom Bartlett, American Tower’s Chief Executive Officer.