Home › Cellnex acquires Hutchison's European tower unit for EUR 10 bln
 

Keywords :   


Cellnex acquires Hutchison's European tower unit for EUR 10 bln

2020-11-12 13:44:00| Telecompaper Headlines

(Telecompaper) Spanish infrastructure operator Cellnex has agreed to acquire the European tower business of CK Hutchison, parent company of mobile operator 3 Group, for a total consideration of EUR 10 billion, confirming recent reports. The transaction is the largest in the history of Cellnex, boosting its towers footprint by around 40 percent beyond 100,000 sites and allowing it to enter new markets including Austria, Denmark and Sweden while consolidating its foothold in Italy, the UK and Ireland.

Tags: eur unit european tower

Category:Telecommunications

Latest from this category

All news
12.12AI in Financial Services 2025: Turning Intelligence Into Impact
11.12How to Build AI-Enabled Operations and Achieve Measurable Outcomes
04.12AI Revolution in Service Management Features Intelligent Operations and Continuous Innovation (Part 2)
Telecommunications »
18.12Soup kitchen serves 120 meals in 16 minutes
18.12Warner Bros favours Netflix offer over $108bn Paramount bid
18.12BP names new boss as current CEO leaves after less than two years
18.12Should more be done to tackle 'ghost jobs', vacancies that don't exist?
18.12Bank of England expected to cut interest rates
18.12Bank of England expected to cut interest rates
17.12The Oscars to leave ABC and stream on YouTube starting in 2029
17.12Making methane genetics work for cattle producers
More »