Shares of Telefonica (EBR: TFA) hit fresh multi-month highs yesterday as Telefonica Deutschland agreed to sell around 10,100 phone masts to Telxius for around $1.7 billion. Fundamental analysis: High interest in phone masts Telefonica Deutschland, the daughter company of the Spanish telecom giant Telefonica, reached an agreement to sell 10,1000 phone masts, a structure with devices for sending and receiving mobile phone signals, to Telxius for around $1.7 billion. Telxius is an infrastructure company controlled by Telefonica itself (50,01%), private equity firm KKR (40%) and investment fund Pontegadea (9.99%), which is owned by Zara’s owner Amancio Ortega. With this deal,
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