AZ Capital advised Cellnex Telecom S.A. on the acquisition of Hivory from Altice France and KKR

Hivory is a France-based telecommunications tower operator that manges 10,500 sites mainly serving SFR as anchor tenant. Cellnex has reached an exclusivity agreement with Altice France and KKR to acquire 100% of Hivory in France, the telecommunications tower operator that manages the 10,500 sites that mainly serve SFR as anchor tenant. The agreement represents an investment of €5.2 billion by Cellnex, to be accompanied by an eight-year programme involving a further c.€0.9 billion for the roll-out of up to 2,500 new sites, among other projects.

AZ Capital

Advised in the sale of



Cellnex Telecom, S.A.

Technology, Media, and Telecom

MidCap Alliance