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Cellnex to acquire El Corte Ingles antenna business for EUR 70 mln - report

Tuesday 11 February 2020 | 09:37 CET | News
Spanish infrastructure operator Cellnex Telecom has reached an agreement to acquire the antenna business owned by retail giant El Corte Ingles for around EUR 70 million, according to market sources cited by business daily Cinco Dias. Under the terms of the deal, Cellnex will acquire the operating rights to more than 400 antennas installed on the roofs of more than 100 of the retailer's stores all over Spain, most in strategic city centre locations. The infrastructure operator will also roll out a 5G network in the main department stores of El Corte Ingles as part of the agreement, added the

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Categories: Mobile & Wireless
Companies: Cellnex / El Corte Ingles
Countries: Spain
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