Europe
-
Deal creates the Netherland’s largest independent towerco and anchors fund to invest in European digital infrastructure -
€7.7bn deal transforms American Tower’s European business and bolsters their position in LatAm
-
Transformational deal bolsters Cellnex’ leadership in the European market
-
The towerco acquires 60% stake for EUR800mn
-
-
Cellnex France discuss their fixed and mobile network infrastructure arrangement with Bouygues Telecom
-
PTI to add 650 Irish towers plus 4,000 French BTS pipeline to their portfolio
-
Competition in Europe heats up as PTI announces its second deal in three months
-
A detailed look at the deal and its implications
-
On 14 April, Cellnex reached a deal to acquire 100% of Nos Towering from Portuguese MNO, Nos for an enterprise valuation of €375mn. The deal marks Cellnex’s second major tower deal in the country and adds a further 2,000 towers to their Portuguese portfolio, with up to a further 400 new sites to be added for Nos over the next six years. TowerXchange examines the deal.
-
The past 12 months have seen a spate of activity across the European tower industry which has caused a significant shake-up of the landscape. Cellnex, Europe’s largest independent towerco announced six deals in 2019, acquiring 10,700 sites from Iliad/Salt in France, Italy and Switzerland, signing a collaboration agreement governing 220 BT high sites in the UK, reaching a deal to acquire Ireland’s Cignal and announcing the acquisition of Arqiva’s telecoms division. In early 2020, Cellnex entered the Portuguese market via the acquisition of OMTEL. Digital Colony has also been active on the M&A front, adding two businesses (iWireless Solutions and Spyder Facilities) and to its growing digital infrastructure platform, The Freshwave Group, plus further M&A activity has taken place in the UK with Brookfield’s acquisition of 3i’s stake in Wireless Infrastructure Group.
-
An interview with newly launched, Freshwave Group’s CEO, Simon Frumkin
