Regional: Cellnex acquires 10,700 sites in France, Italy and Switzerland, plus deal for 4,000 built-to-suit
On Tuesday 7th May Cellnex announced a raft of new deals. Cellnex will acquire 5,700 sites in France currently operated by Free, the French Iliad-owned MNO. Cellnex will pay €1.4bn for a 70% controlling stake of the new company that will operate the 5,700 sites acquired from Iliad in France. In Italy Cellnex will also acquire 2,200 sites from Iliad, paying €600mn for 100% ownership and control. In Switzerland, Cellnex has also reached an agreement with the MNO Salt to acquire its 2,800 sites.
