0
Wireless

Benetton holding sells 20% of its Cellnex stake to Abu Dhabi fund

Friday 5 October 2018 | 10:20 CET | News
Italy's Benetton family has announced the sale of 20 percent of an investment vehicle through which it holds 29.9 percent of Spanish tower operator Cellnex to a unit of Abu Dhabi fund ADIA, confirming earlier reports. Infinity Investments, a company fully controlled by ADIA, acquired the stake on the same economic terms Edizione bought the Cellnex stake from Spanish toll-road operator Abertis. That transaction was closed in July, when Abertis sold 29.9 percent of Cellnex to Edizione for a total of 1.489 billion.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Cellnex
Countries: Italy / Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Cellnex looking to expand presence in UK and Netherlands - CEO

Published 29 Nov 2018 10:23 CET | Spain
Spanish operator Cellnex Telecom will next year look to expand its presence in the United Kingdom and the Netherlands thanks to ...

Cellnex 9-mth revenues rise 15% to EUR 665 mln, EBITDA up 19%

Published 09 Nov 2018 09:41 CET | Spain
Spanish operator Cellnex Telecom reported revenues of EUR 665 million in the 9 months to September, up 15 percent on the ...

Benetton holding sells another 20% of its Cellnex stake to GIC

Published 10 Oct 2018 08:39 CET | Spain
Italy's Benetton family has announced the sale of another 20 percent of an investment vehicle through which it holds 29.9 percent ...

Spain launches public consultation on DTT broadcast market

Published 09 Oct 2018 09:54 CET | Spain
Spain's communications regulator CNMC has launched a public consultation on its proposals for revision of the DTT broadcast ...

Wealth funds reviewing Cellnex stake buy - report

Published 03 Sep 2018 09:07 CET | Italy
Singapore's GIC and Abu Dahbi's ADIA have asked for more time to review their acquisition of a stake in Spanish operator Cellnex ...

Benetton holding mulling Cellnex stake sale - report

Published 27 Jul 2018 09:39 CET | Spain
The Benetton family is in advanced negotiations over the sale of part of its 29.9 percent stake in Spanish operator Cellnex to ...

Cellnex revenues up 16% to EUR 439 mln in H1, EBITDA up 20%

Published 27 Jul 2018 09:16 CET | Spain
Spanish operator Cellnex Telecom reported revenues of EUR 439 million in the first half of 2018, up 12 percent on the ...

Former TIM CEO Patuano named new Cellnex chairman

Published 26 Jul 2018 13:58 CET | Spain
The former Telecom Italia (TIM) CEO Marco Patuano has been appointed non-executive chairman of Spanish towers operator Cellnex, ...

Abertis closes sale of 30% Cellnex stake to Benetton

Published 13 Jul 2018 09:10 CET | Italy
Spanish toll-road operator Abertis has closed the sale of its 29.9 percent stake in Spanish towers operator Cellnex to the ...

Benetton holding commits to invest EUR 1.5 bln in Cellnex

Published 22 Jun 2018 09:39 CET | Spain
Benetton family holding company Edizione has committed to investing a further EUR 1.5 billion to help the growth and acquisition ...

Abertis sells 4.1% Cellnex stake for EUR 213 million

Published 05 Jun 2018 11:06 CET | Spain
Spanish infrastructure giant Abertis has announced the sale of a 4.1 stake in Spanish towers operator Cellnex for EUR 213 million ...

Cellnex sales up another 15% to EUR 217 mln in Q1, expands board

Published 27 Apr 2018 10:42 CET | Europe
Spanish operator Cellnex Telecom reported revenues of EUR 217 million in the first quarter of 2018, up 15 percent year on year ...

Benetton holding agrees to acquire 30% stake in Cellnex

Published 17 Apr 2018 09:20 CET | Italy
Italian infrastructure giant Atlantia has announced the sale of a 29.9 percent stake in Spanish towers operator Cellnex to the ...