Announced
Financials
Sources
Tags
Majority
Telecommunications infrastructure
cable operator
Spain
Pending
Private
Single Bidder
Cross Border
cable networks
Acquisition
Private Equity
Friendly
Synopsis
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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