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Wireless

Cellnex closes acquisition of Wind's Italian tower unit

Friday 27 March 2015 | 09:55 CET | News
Cellnex Telecom, the recently rebranded telecoms subsidiary of Spanish infrastructure company Abertis, has announced the closure of its EUR 693 million acquisition of Galata, the mobile tower unit of Italian operator Wind. The unit is made up of 7,377 towers plus employees and Cellnex will control 90 percent of Galata, with Wind retaining the remaining 10 percent. Cellnex added that the deal includes a 15-year tower services agreement for the sites, renewable for a further 15 years, and foresees the deployment of additional sites. The purchase converts Cellnex into the largest European

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