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Telefónica Stock Soars on $9.4 Billion Sale of Phone Masts to American Tower

By Lina Saigol Order Reprints Text size Telefónica will reduce its debt following the $9.4 billion sale of its mobile phone masts to Boston-based American Towers. Getty Images Shares in Telefónica soared almost 10% on Wednesday, after the Spanish telecom company struck a deal to sell its mobile phone masts in Europe and Latin America to U.S.-based telecom infrastructure operator American Tower for $9.4 billion in cash. The back story. European...
United States Mathieu Robilliard John Malone Liberty Telxius Telecom Virgin Media Frankfurt Stock Exchange

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