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Wireless

Cellnex confirms acquisition of remaining Galata stake

Tuesday 8 August 2017 | 14:54 CET | News

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Spanish network infrastructure operator Cellnex has announced the acquisition of the remaining 10 percent stake in its Italian subsidiary Galata from Wind, confirming earlier reports. No financial details were disclosed although market sources previously indicated that Cellnex paid around EUR 87 million for the additional stake. The Spanish operator became the largest independent operator of wireless infrastructure in Italy in 2015 when it acquired Galata and its 7,377 towers from Wind for EUR 693 million.

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