Finally, Telefónica completed the sale of 40% of its infrastructure subsidiary Telxius, an action for which it had been struggling since the middle of last year. The transaction indicates that Telxius was valued at € 3.678 billion (including debt), a valuation similar to that established by Telefónica for Telxius during the unsuccessful attempt to list the subsidiary in the Stock Exchange, to reduce debt in the face of failed attempts to sell assets (in particular, the frustrated sale of O2 in United Kingdom to Hutchison Wampoa)