The company said it will sell 25,000 tower sites in the UK, Italy, Sweden, Denmark, Austria and Ireland. Photo: Shutterstock
The company said it will sell 25,000 tower sites in the UK, Italy, Sweden, Denmark, Austria and Ireland. Photo: Shutterstock
Li Ka-shing
Business /  Companies

Li Ka-shing’s CK Hutchison sells its European wireless towers to Spain’s Cellnex for US$11.7 billion

  • The company, which is run by Li’s son Victor Li Tzar-kuoi, will sell 25,000 tower sites in the UK, Italy, Sweden, Denmark, Austria and Ireland, it announced late on Thursday
  • The firm said it is considering using some of the proceeds for share buy-back programmes, which would boost the price of its stock

Pearl Liu
Pearl Liu

Updated: 10:40pm, 12 Nov, 2020

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The company said it will sell 25,000 tower sites in the UK, Italy, Sweden, Denmark, Austria and Ireland. Photo: Shutterstock
The company said it will sell 25,000 tower sites in the UK, Italy, Sweden, Denmark, Austria and Ireland. Photo: Shutterstock
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