Garrigues acts for Telefónica on telecommunications deal

Garrigues advised Telefónica on the sale of 2,029 towers in Ecuador and Colombia for approximately 290 million euros to Phoenix Tower International

The team from Garrigues was led by executive chairman Fernando Vives (pictured) and included partner Álvaro López-Jorrín.

Telefónica Ecuador has sold 1,408 towers for 202 million euros. Telefónica Colombia has sold 621 towers for 87 million euros, complementing other tower disposals executed earlier in the year.

Juan fernandez