Cellnex boosts antenna portfolio with €70M deal

Posted On Jun 4 2021 by

first_img Cellnex catalysing US tower moves in Europe AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 11 FEB 2020 Related Wireless infrastructure operator Cellnex Telecom agreed to acquire more than 400 antennas from retail group El Corte Ingles in a deal valued at nearly €70 million ($76.4 million), a move which will deliver access to strategic city locations in Spain and advance its growth strategy, Cinco Dias reported.The deal covers operating rights to antennas installed on more than 100 El Corte Ingles properties which are currently operated by the local units of Telefonica, Vodafone, Orange and MasMovil, the Spanish newspaper explained.These would add to the more than 8,800 sites Cellnex Telecom currently operates in the country.Another element of the pact covers delegating the responsibility for developing 5G in El Corte Ingles’ department stores to Cellnex Telecom, sources told Cinco Dias.The deal is reportedly awaiting final sign off and the value could track higher if certain financial objectives are met.Cellnex Telecom is currently pushing an expansion strategy. In October 2019, it sealed a £2 billion ($2.6 billion) deal to acquire UK-based Arqiva’s telecoms division, followed by an entry into Portugal through an agreement to buy tower operator Omtel for €800 million. Subscribe to our daily newsletter Back Author Home Cellnex boosts antenna portfolio with €70M deal Previous ArticleSprint, T-Mobile US tipped for merger winNext ArticleSoftBank, Nokia complete NSA 5G connected car test Cellnex estimula la llegada a Europa de las empresas de torres de EEUU UK examines Cellnex tower buy Yanitsa Boyadzhieva Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more Tags antenna technologyCellnexSpainlast_img

Last Updated on: June 4th, 2021 at 6:51 am, by

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *