Buy-side advisory

Advisor to Cellnex on the agreement reached with Bouygues Telecom

AZ Capital has advised Cellnex 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 amount of €500 MM, to be transferred gradually over a period of 2 years.

– Construction of up to 1,200 new sites for a total amount of €354 MM, to be be incorporated and operated by Cellnex France over a 5-year deployment period.

With this transaction, Cellnex strengthens its position in France by becoming the second largest independent telecom tower operator.

Sector: Infrastructures