Cellnex to acquire 24,800 sites from CK Hutchison in record breaking deal

Transformational deal bolsters Cellnex’ leadership in the European market

Read this article to learn:

  • Details of the deal
  • How it impacts the tower markets in the six countries the deal covers
  • How the deal impacts Cellnex' portfolio
  • Cellnex' M&A history to date
  • Future M&A opportunities in the European market

On 12 November, CK Hutchison and Cellnex announced that they had reached a series of agreements whereby Cellnex would acquire 24,600 CK Hutchison towers across six European countries. The deal, for a total consideration of €10bn will involve Cellnex paying €8.6bn in cash and providing €1.4bn in new Cellnex shares (equivalent to a 5% stake…

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