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Wireless

Spain's Cellnex pulls out of bidding for France's FPS Towers

Monday 19 December 2016 | 13:59 CET | News
Spanish infrastructure operator Cellnex Telecom has decided to pull out of the bidding for French mast operator FPS Towers, according to unnamed company sources cited by Europa Press. Cellnex had reportedly placed an initial bid for FPS earlier this year but the Spanish firm finally opted not to submit a binding offer after investing some EUR 700 million this year in acquiring sites in France, the Netherlands and Italy. The report added that American Tower is now considered the frontrunner to acquire the 2,500 masts and 20,000 rooftop sites owned by FPS for between EUR 750 and 900 million,

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Categories: Mobile & Wireless
Companies: American Tower / Cellnex / FPS Towers
Countries: France / Spain
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