Cellnex equipment at a site in Madrid. If the deal goes ahead, it will allow the company to enter new markets such as Austria, Denmark and Sweden. Photo: Reuters
Li Ka-shing’s CK Hutchison poised to sell European cell tower business to Barcelona-based Cellnex in US$11.7 billion deal
- The company is in advanced talks to sell 29,100 tower sites in the UK, Italy, Sweden, Denmark, Austria and Ireland
- If it goes through, the transaction will be the largest in the history of Cellnex, boosting its towers footprint by about 40 per cent
Cellnex equipment at a site in Madrid. If the deal goes ahead, it will allow the company to enter new markets such as Austria, Denmark and Sweden. Photo: Reuters
