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

Please login or register to leave a 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 completes takeover of 3,150 T-Mobile masts in Netherlands

Published 02 Jun 2021 10:33 CET | Netherlands
Spanish infrastructure operator Cellnex and Deutsche Telekom said they have completed integration of the 3,150 telecommunications ...

Cellnex revenues up 41% in Q1, net loss widens to EUR 43 mln

Published 07 May 2021 09:14 CET | Europe
Spanish operator Cellnex Telecom, Europe's largest mobile towers company, reported revenues up 41 percent year on year to EUR 506 ...

Cellnex closes EUR 7 billion capital hike

Published 22 Apr 2021 09:41 CET | Spain
Spanish operator Cellnex Telecom said it has successfully closed a EUR 7 billion capital increase launched last month with an ...

Cellnex shareholders agree to cover 32% of EUR 7 bln capital hike

Published 12 Apr 2021 08:52 CET | Europe
Spanish operator Cellnex Telecom said existing shareholders and directors have fulfilled their commitment and agreed to subscribe ...

Cellnex launches EUR 7 bln capital hike to fund Hivory buy

Published 30 Mar 2021 09:47 CET | Spain
Spanish operator Cellnex Telecom said it has launched its previously announced EUR 7 billion capital increase to fund the ...

Cellnex UK to provide mobile connectivity on Brighton Mainline route

Published 16 Mar 2021 21:09 CET | United Kingdom
Cellnex UK has won a 25-year contract from Network Rail to provide continuous cellular internet, mobile reception and fibre ...

Cellnex places further CHF 150 mln in bonds due 2026

Published 11 Mar 2021 09:38 CET | Spain
Spanish infrastructure operator Cellnex Telecom has announced a new bonds issue, this time placing a total of CHF 150 million to ...

SFR targets 1,700 voluntary redundancies in 2021, announces mid-term objectives

Published 04 Mar 2021 10:01 CET | France
SFR's parent company Altice France has presented a strategic plan covering the next five years while starting negotiations with ...

Altice France posts 3% increase in EBITDA for Q4, expects EBITDA and OpFCF growth in 2021

Published 03 Mar 2021 11:45 CET | France
Altice Europe's French operations saw fourth-quarter EBITDA progress 2.9 percent year-on-year to EUR 1.16 billion, with the ...

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

02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug Harmonic Q2
02 Aug DZS Q2
03 Aug Alibaba Q2 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Infinera Q3 2021
03 Aug Akamai Technologies Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Sequans Q2 2021
03 Aug Bredband2 Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug Intred Q2 2021
04 Aug Digi International fiscal Q3
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug 8x8 fiscal Q1
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
05 Aug Motorola Solutions Q2
05 Aug Frontier Communications investors meeting
::: More Calendar Items