Cellnex expands into France

The vision behind Cellnex’s acquisition of 230 towers from Bouygues Telecom

Read this article to learn:

  • Why Cellnex decided to enter the French market
  • How the rationalisation and decommissioning of Europe’s macro towers will proceed in parallel with the deployment of small cells
  • The impact of the shortening of Free Mobile roaming agreement with Orange and the RANsharing agreement between Bouygues Telecom and SFR
  • The balance of GBTs versus rooftops in the acquisition, and Cellnex’s appetite to invest in rooftops
  • Comment on the valuation multiple

Cellnex has reached agreement to acquire an initial 230 towers for €80mn from Bouygues Telecom. Most of the sites are in rural and suburban France. The deal heralds Cellnex’s entry into France and inaugurates what they hope will be a 20 year relationship with Bouygues Telecom. France is the second Northern European country to which…

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