0
Wireless

Cellnex to buy SFR towers in France, to raise up to EUR 7 bln in new rights issue

Wednesday 3 February 2021 | 17:16 CET | News
Infrastructure operator Cellnex Telecom has entered into an exclusivity agreement to acquire 100 percent of tower venture Hivory with owners Altice France and Starlight Holdco, subject to approval from the French competition authority. The deal will represent an investment of EUR 5.2 billion for Cellnex, plus a further EUR 0.9 billion to fund an eight-year programme that will include the deployment of up to 2,500 new cell sites. Created in 2018, Hivory manages a footprint of 10,500 towers that mainly serve SFR as anchor tenant.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless / Mobile & Wireless
Companies: Altice France / Cellnex / SFR
Countries: France
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Cellnex places EUR 2.5 bln three-part bond

Published 10 Feb 2021 09:04 CET | Europe
Spanish infrastructure operator Cellnex said it has successfully completed a triple-tranche bond issuance for an aggregate amount ...

Last week in telecoms: saturated markets, B2B innovations and good news for Netflix

Published 08 Feb 2021 10:27 CET | World
The past week's news showed how some players are dealing with market saturation and the search for growth. Asset sales also ...

Cellnex koopt SFR-torens in Frankrijk, haalt EUR 7 miljard op met claimemissie

Published 05 Feb 2021 07:34 CET | France
Infrabeheerder Cellnex Telecom heeft een exclusiviteitsovereenkomst gesloten om 100 procent van de torenonderneming Hivory over ...

Cellnex completes acquisition of CK Hutchison towers in Sweden

Published 26 Jan 2021 14:34 CET | Sweden
Cellnex Telecom said it has closed the acquisition of CK Hutchison's tower assets in Sweden, after it announced completions of ...

Cellnex partners with Deutsche Telekom in the Netherlands and integrates 3,150 sites

Published 21 Jan 2021 09:03 CET | Netherlands
Spanish infrastructure operator Cellnex and Germany's Deutsche Telekom (DT) have announced an agreement to combine their tower ...

Cellnex closes acquisition of Hutchison towers in Austria, Denmark and Ireland

Published 11 Jan 2021 11:05 CET | Austria
Spanish infrastructure operator Cellnex said it has closed the acquisition of CK Hutchison's telecommunications tower assets in ...

Altice, KKR name French mobile towers venture Hivory

Published 19 Dec 2018 09:58 CET | France
Altice Europe and private equity firm KKR announced that they have successfully completed the French tower business deal ...





Calendar   /   Industry Events

26 Feb Deutsche Telekom Q4 2020
26 Feb Tecnotree Q4 2020
26 Feb Proximus Q4 2020
26 Feb OTE Q4 2020 2020
26 Feb HTHK FY results
26 Feb Megacable Q4
01 Mar Inseego Q4
01 Mar Ooma Q4
01 Mar Liberty LatAm Q4 results
01 Mar Switch Q4 2020
01 Mar Boingo Q4
01 Mar Zoom Video Communications Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
02 Mar FuboTV Q4 2020
02 Mar HPE fiscal Q1
03 Mar Marvell Technology fiscal Q4
03 Mar Vivendi Q4 2020
03 Mar Avast FY results
04 Mar Inwit Q4 2020
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
05 Mar Vonage Investor Day
::: More Calendar Items