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Wireless

Benetton holding agrees to acquire 30% stake in Cellnex

Tuesday 17 April 2018 | 09:20 CET | News
Italian infrastructure giant Atlantia has announced the sale of a 29.9 percent stake in Spanish towers operator Cellnex to the Benetton family holding company Edizione. Atlantia was granted an option to invest in Cellnex under a deal reached last month to acquire Spanish toll-road operator Abertis, which owns 34 percent of the tower company. The transaction, which remains dependent on the approval of the Abertis sale, gives Atlantia the right to sell the Cellnex stake to the Benetton holding for a total of EUR 1.489 billion.

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Categories: Mobile & Wireless
Companies: Cellnex / Telecom Italia
Countries: Italy / Spain
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