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Cellnex launches EUR 7 bln capital hike to fund Hivory buy

Tuesday 30 March 2021 | 09:47 CET | News
Spanish operator Cellnex Telecom said it has launched its previously announced EUR 7 billion capital increase to fund the acquisition of French tower venture Hivory as well as a portfolio of projects that could reach in the region of EUR 18 billion over the 18 months following completion. In addition to the EUR 5.2 billion Hivory acquisition, the portfolio also includes the deal announced on 21 January with Deutsche Telekom for tower assets in the Netherlands, the acquisition of Polkomtel Infrastruktura in Poland as well as investment in its existing network.

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