Last week Cellnex announced they had reached agreement for the acquisition of 100% of Swiss Towers AG and their 2,339 towers and rooftops from Sunrise, the #2 MNO in Switzerland, for €430mn. When closed, the transaction will take Cellnex’s portfolio beyond 23,000 sites, making the company the tenth largest towerco in the world by site count. TowerXchange spoke to Cellnex CCO Alex Mestre to learn more.
TowerXchange: Congratulations on your announced acquisition of 2,339 sites from Swiss Towers AG (Sunrise) – what attracted Cellnex to bid for these particular assets and to enter the Swiss market?
Alex Mestre, Chief Commercial Officer, Cellnex:
This is a deal that enables us to further consolidate Cellnex’ European platform.
