Cellnex to no longer pursue TDF; eyes UK targets such as CTIL (translated)
08 MAY 2019
Cellnex Telecom [BME:CLNX], the Spain-based telecoms structures provider, will no longer pursue the acquisition of France’s telecoms infrastructure company TDF, Expansion reported, citing CEO Tobías Martínez at yesterday’s (7 May) conference with analysts.
Cellnex will now focus its expansion in the UK, Martinez said. The executive pointed to CTIL, the UK-based Vodafone [LON: VOD] and Telefonica [BME: TEF] joint venture unit, as a potentially interesting target. CTIL has about 15,000 towers that would be added to the 600 towers Cellnex currently has in the UK, the Spanish-language paper said.
As reported, Cellnex announced yesterday an agreement to acquire 10,700 towers in France, Italy and Switzerland from Illiad, a France-based telecoms provider and 2,800 sites from the Swiss MNO Salt in a deal totalling EUR 2.7bn.