Cellnex enhances stake in OnTower for 510 million euros

Cellnex has increased its stake telecom tower company OnTower Poland from 70 percent to 100 percent by acquiring 30 percent stake from Iliad.
Cellnex telecom tower businessOnTower Poland was set up by both operators in 2021 as part of Cellnex’s acquisition of the network of c. 7,000 sites from mobile operator Play in Poland.

Cellnex will now control 100 percent of this Group’s subsidiary in Poland. The transaction amount is EUR c. 510 million.

OnTower Poland currently operates a total of 8,500 sites in Poland and plans to deploy up to c. 3,400 new sites up to 2030, and has a 20-year service provision contract with Play, extendable for additional successive 10-year periods.

Latest

More like this
Related

Huawei revenue reaches $118.3 bn in 2024: Chairman Liang Hua

Huawei has reported annual revenue of over 860 billion...

Proximus reveals why it selected BroadForward

Proximus, Belgium’s leading mobile network operator, has announced a...

StarHub reveals why it selected Nokia for XGS-PON deployment

StarHub has completed its nationwide XGS-PON deployment to enhance...

Orange CTO reveals why it selected Nokia for 5G network

Nokia has announced the signing of a four-year contract...