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Wireless

Spain's Cellnex acquires Shere Group for EUR 393 million

Friday 30 September 2016 | 10:39 CET | News
Spanish infrastructure operator Cellnex Telecom has announced an agreement with UK-based Arcus Infrastructure Partners to acquire 100 percent of Shere Group and its portfolio of 1,004 communications towers and wireless sites in the Netherlands and the UK for EUR 393 million. The transaction marks the Spanish company's entry into the UK market and an expansion of its Dutch presence following its acquisition of Protelindo Netherlands earlier this year. In a statement, Cellnex said the 464 sites that Shere operates in the Netherlands are spread evenly throughout the country and have a tenancy

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Categories: Mobile & Wireless
Companies: Cellnex / Protelindo
Countries: Netherlands / United Kingdom
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