Cellnex Telecom has agreed to sell its tower business in Austria for €803 million to a consortium.
Cellnex currently manages 4.600 sites in the Alpine country. Cellnex started operations in Austria in 2021 following the purchase of CK Hutchison’s infrastructure portfolio in six European countries, including Austria.
The consortium comprises Vauban Infrastructure Partners, through Core Infrastructure Fund IV SCSp and Core Infrastructure Fund IV SCA SICAV RAIF, EDF Invest, the investment arm of EDF for non-listed Dedicated Asset and MEAG, the asset manager of Munich Re and ERGO.
Marco Patuano, CEO of Cellnex, highlighted that “the sale of our business in Austria is one further step within the company’s ‘Next Chapter’, in line with our strategy, to achieve the goal of consolidating, simplifying our corporate structure.”
Cellnex Telecom is Europe’s largest operator of telecommunications towers and infrastructure. It manages 138,000 sites – including planned roll-outs up to 2030 – in 12 European countries, with a prominent presence in Spain, France, the United Kingdom, Italy and Poland.
