Cellnex Telecom has accomplished the sale of its Austrian enterprise to a consortium comprising Vauban Infrastructure Companions, via Vauban’s Funds, EDF Make investments, and MEAG, the asset supervisor of Munich Re and ERGO, for EUR 803 million. The transaction, first introduced on August 9, 2024, marks the divestment of the 4,600 websites Cellnex had managed in Austria since buying CK Hutchison’s infrastructure in 2021.
Additionally Learn: Cellnex Sells Austrian Tower Operations to Consortium for EUR 803 Million
Cellnex’s Austrian Operations
Cellnex was working in Austria since early 2021, when it finalised the acquisition of CK Hutchison’s websites within the nation as a part of the settlement to accumulate CK Hutchison’s infrastructure portfolio in six European nations, together with Austria.
That deal additionally included property in 5 different European nations, together with Denmark, Eire, Italy, Sweden, and the UK. Cellnex operated round 4,600 tower websites in Austria, and the closing of the deal was confirmed by Cellnex on December 19.
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Ongoing Deleveraging and Development
“The closing of the sale of our Austrian enterprise will permit us to additional consolidate, simplify and focus our efforts on development alternatives in the principle markets wherein we function, in addition to on the steadiness sheet and the acceleration of shareholder remuneration, thus fulfilling our commitments to the market,” stated the CEO of Cellnex.
This transaction permits Cellnex to proceed its deleveraging course of, as introduced at its Capital Markets Day.
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Cellnex’s European Portfolio
Cellnex, Europe’s largest operator of telecommunications towers and infrastructure, at the moment manages a portfolio of over 138,000 websites – together with deliberate roll-outs as much as 2030 – in 10 European nations, with a big presence in Spain, France, the UK, Italy and Poland, in keeping with the official launch.
