Cellnex have announced their sixth inorganic expansion in 2019 with the acquisition of Arqiva’s telecoms division. The transaction which involves the acquisition of c. 7,400 Arqiva owned sites and the rights to market 900 further sites adds scale to the towerco’s UK operations. TowerXchange examine the implications for Cellnex and the UK market.
The deal
On 8 October, Cellnex announced that it had reached a deal to acquire 100% of Arqiva’s carved out telecom business for a consideration of £2bn. The deal includes c. 7,400 Arqiva owned sites as well as the rights to market an additional c.
