Cellnex has announced the agreement to acquire 223 macro-sites and 464 micro-sites (DAS and small cells) to be carved-out from the tower division of MEO. This agreement broadens the cooperation between Cellnex Portugal and MEO.
Both companies have been working together in Portugal since January 2020, when Cellnex acquired OMTEL and the 3,000 sites it operated. The transaction involves an investment of €209 million. Cellnex Portugal currently operates c.5,100 telecom sites in the Portuguese market excluding non-executed BTS.
AZ Capital advised Cellnex Telecom, S.A., the main independent infrastructure operator for wireless telecommunication in Europe, on this acquisition.