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Wireless

Cellnex, Bouygues reach EUR 854 mln French towers deal

Wednesday 1 February 2017 | 08:53 CET | News
Spanish infrastructure operator Cellnex Telecom has reached a new agreement with Bouygues Telecom to add 3,000 sites to its existing French portfolio of 500. The EUR 854 million two-stage deal will see Cellnex acquire up to 1,800 urban sites in France for a total value of EUR 500 million to be incorporated gradually over the next 24 months, while also building up to 1,200 new towers for a total value of EUR 354 million. The new towers will be incorporated and operated by Cellnex France as they come on stream by 2022. Cellnex added that it expects the projects to generate annual EBITDA of

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Categories: Mobile & Wireless
Companies: Bouygues Telecom / Cellnex
Countries: France / Spain
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