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Telecom infrastructure carve-out: free report

Técnico con casco naranja subido a un poste manipulando una caja de empalme de fibra óptica entre cables aéreos.
By Alberto Murillo — October 13, 2026

Telecom infrastructure carve-outs: separation alone is not enough to create value

Separating an operator's fiber network can reduce debt and attract specialized capital, but it only creates value if the InfraCo is born as an autonomous business. This report explains how to get there, with three recent cases (TIM, PremiumFiber, and Infranexia).

What's inside

  • The six dimensions of a carve-out perimeter.

  • How to design the TSA and MSA.

  • A four-step phased path to monetization.

  • When separating creates value, and when it doesn't.

Download the report "Telecom infrastructure carve-outs: separation alone is not enough to create value" (PDF)


Prefer a summary? Read the article Telecom infrastructure carve-out

Luis Sánchez-Lecaroz
Luis Sánchez-Lecaroz

Deal & Strategy Head

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