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Towering valuation

21 February 2017 By Liam Proud, Neil Unmack

The private equity group is paying up to 1.3 bln euros for 40 pct of the Spanish telco’s infrastructure business Telxius. It’s a similar valuation to the unit’s failed IPO last year and KKR won’t have control. But higher demand for mobile internet usage offers long-term upside.

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