Cellnex Telecom has completed the sale of its Austrian operations to a consortium for EUR 803 million. The transaction, first announced on August 9, involves approximately 4,600 sites across Austria.
The consortium includes Vauban Infrastructure Partners (via Vauban’s Funds), EDF Invest (the investment division of EDF Group focused on unlisted assets), and MEAG, the asset management arm of Munich Re and ERGO.
Developing News: Cellnex Considers Sale of French Data Center Assets
Cellnex entered the Austrian market in early 2021 through the acquisition of CK Hutchison’s telecom sites. This deal was part of a broader EUR 10 billion agreement to acquire CK Hutchison’s infrastructure assets across six European markets, including Ireland, Denmark, Sweden, Italy, the UK, and Austria.
Marco Patuano, CEO of Cellnex, said, “The closing of the sale of our Austrian business will allow us to further consolidate, simplify, and focus our efforts on growth opportunities in the main markets in which we operate, as well as on the balance sheet and the acceleration of shareholder remuneration; thus, fulfilling our commitments to the market.”
Also Read: Cellnex Launches Major 5G Upgrade Along Barcelona’s Seafront
Cellnex Telecom holds the title of Europe’s largest tower company, overseeing a portfolio of over 130,000 sites, including planned expansions through 2030, across 10 European countries. Its key markets include its home base of Spain, along with France, the UK, Italy, and Poland.
