Read this article to learn:
- A detailed breakdown by country of the sale and leaseback and build to suit components of the proposed deal
- How the deal would eventually contribute to doubling Cellnex’s revenues and EBITDA
- Cellnex’s appetite for future opportunities in European towers – and how that might be funded
- How the deal would affect the French, Italian and Swiss tower markets
- Analyst reaction to the announcement
The M&A strategy of an acquisitive towerco is necessarily opportunistic. Towercos cannot wait for the perfect opportunity because MNOs define where, when and, to a certain extent, how much they sell their towers for. But when the opportunity arose for Cellnex to agree a game-changing sale and leaseback with Iliad and Salt, adding 10,700 existing…
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