(Telestock) – Cellnex TelecomEurope’s largest wireless telecommunications infrastructure operator and the consortium comprising Vauban Infrastructure Partners, EDF Invest (EDF’s investment arm for unlisted assets) and MEAG (asset manager of Munich King and ERGO) have reached an agreement so that the Consortium acquires 100% of Cellnex’s assets in Austria for €803 million.
Cellnex has been operating in Austria since early 2021, when it finalized the acquisition of CK Hutchison’s sites in the country as part of the agreement to acquire CK Hutchison’s infrastructure portfolio in six European countries, including Austria. Cellnex currently operates approximately 4,600 sites in the Alpine country.
“The sale of our Austrian business is a further step in the Next Chapter of the company, in line with our strategy, to achieve the goal of consolidating, simplifying our corporate structure and focusing our efforts on the existing growth opportunities in the main markets in which we operate”, commented Marco Patuano, CEO by Cellnex.
“It will also allow us – added Patuano – to move forward on two other strategic objectives such as attention to the budget and remuneration shareholders, thus fulfilling our commitments to the market.”
Deutsche Bank And Mediobanca I am a financial advisor.