AZ Capital advised Cellnex on the disposal of c. 3,200 sites to Phoenix Tower International

Cellnex Telecom S.A. has agreed –subject to the French Competition Authority (“FCA”) approval– the disposal of a package of c.3,200 sites with Phoenix Tower International (“PTI”) in order to fulfill Hivory closing remedies that were determined by the FCA, following Cellnex’s acquisition of Hivory in 2021.PTI will acquire 1,226 telecommunications sites in very dense areas in France, while simultaneously, PTI with its Joint Venture Partner Bouygues Telecom will also be acquiring 2,000 sites in very dense areas.




AZ Capital

Advised in the sale of

c. 3,200 telecom sites in France (part of Cellnex Telecom S.A.)


Phoenix Tower International

Technology, Media, and Telecom

MidCap Alliance