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New Deal


Announced

EQT to acquire Telefonica's submarine cable business for $2.2bn.

Financials

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Transaction Value£1,549m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Majority

Telecommunications infrastructure

cable operator

Spain

Pending

Private

Single Bidder

Cross Border

cable networks

Acquisition

Private Equity

Friendly

Synopsis

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EQT Partners offered to acquire the submarine cable business from Telefonica, a Spanish multinational telecommunications company, for $2.2bn. The sale of the submarine cable business is part of a wider Telefonica plan to reduce its debt by selling assets.

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