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Wireless

Cellnex acquires 2,239 towers from Sunrise for EUR 430 mln

Wednesday 24 May 2017 | 08:44 CET | News
Update: 24 May 2017 | 13:20 CET
Spanish operator Cellnex Telecom has announced the creation of a consortium to acquire 100 percent of Swiss Towers AG, a subsidiary of Sunrise Communications that operates 2,239 telecommunication sites in Switzerland. The consortium led by Cellnex will acquire Swiss Tower AG for a total of EUR 430 million free of cash, pushing the total number of towers operated by Cellnex in Spain, Italy, Switzerland, France, Netherlands and the UK to over 23,000. The Swiss AG consortium is 54 percent owned by Cellnex, 28 percent by Swiss Life Asset Managers and 18 percent by Deutsche Telekom Capital

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[24/05/2017 13:20- Update: Adds details on Sunrise outlook.]


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Categories: Mobile & Wireless
Companies: Cellnex / Deutsche Telekom / Sunrise
Countries: Switzerland
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