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Cellnex in advanced talks to acquire EUR 9 bln Hutchison tower business - report

Monday 26 October 2020 | 13:58 CET | News
Spanish infrastructure operator Cellnex Telecom is in advanced negotiations to acquire CK Hutchison's European mobile tower business for around EUR 9 billion, according to unnamed sources cited by Bloomberg. Cellnex is already Europe's largest towers company and has recently agreed to acquire 7,000 Polish cites from France's Iliad Group to increase its portfolio to 73,000 towers in 9 countries by the end of H1 2021. CK Hutchison and Cellnex have been in talks since at least July, when Bloomberg reported that the Hong Kong-based conglomerate was considering the sale of a minority stake in its

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Categories: Mobile & Wireless
Companies: Cellnex / CK Hutchison
Countries: Europe / Spain
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