Sell-side advisory

Advisor to Cellnex on the disposal of c. 3,200 sites to Phoenix Tower International

Cellnex, the Spain based provider of wireless telecommunication and broadcasting services including mobile, audiovisual and security, 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.

Sector: Infrastructures