Cellnex seen as frontrunner for Cyfrowy Polsat infrastructure - report

News Wireless Poland 29 DEC 2020
Cellnex seen as frontrunner for Cyfrowy Polsat infrastructure - report

Barcelona-based telecommunications tower infrastructure operator Cellnex is seen as the frontrunner to buy mobile infrastructure from Poland's Cyfrowy Polsat, two sources familiar with the deal said, reports Reuters.

Like European peers including Vodafone, Telecom Italia and Altice, the Polish company has been looking to sell its mobile towers as it seeks to book capital gains to offset some of the costs of upgrading its network. Sources have said that Cyfrowy Polsat's telecommunications infrastructure assets including its mobile towers, operated by the group's Polkomtel Infrastruktura unit, are worth EUR 1.0-1.3 billion, said the news agency.

Cellnex declined to comment and Cyfrowy Polsat was not immediately available for comment to Reuters.

Since its public listing in 2015, Cellnex has been rapidly expanding its asset base, acquiring or building thousands of mobile towers in  western European countries.

Categories:

Mobile

Companies:

Polkomtel,  Cyfrowy Polsat,  Cellnex

Countries:

Poland

Tags:

Network equipment, Wholesale, M&A buyouts & divestments

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