The initial public offering of Telefónica’s infrastructure division Telxius, aims to collect up to € 2.5 billion for 40% of the company valued at around € 5 billion, a figure that could rise if Telxius exercises the option to purchase a portion of the submarine cable of Facebook and Microsoft. The initial public offering of its infrastructure division Telxius is one of the alternatives for cash in order to deal with its debt after the sale of the British subsidiary O2 fell. In that sense, the company also shuffles to divest other assets, such as Telefónica Servicios Audiovisuales (TSA).