Advisor to Cellnex Telecom to reach an agreement with Bouygues Telecom through which Cellnex France will add up to 3,000 mostly urban sites to its current portfolio for a total consideration of €854 MM.
The transaction is structured in two projects:
• Acquisition of up to 1,800 sites for a total consideration of €500 MM, which will be gradually incorporated over the next 2 years.
• Building of up to 1,200 new towers for a total consideration of up to €354 MM, be incorporated and operated by Cellnex France as they come on stream during a 5-year period.
With this transaction, Cellnex strengthens its position in France by becoming the second largest independent telecom tower operator.
AZ Capital
Advised in the sale of
Bouygues Telecom (telecom towers)
to