Cellnex has already become the largest turret in the European telecommunications sector and the second in the world. The Spanish company now controls 8,300 new installations of the British company, 7,400 in property and 900 in right of use. The operation has cost around 2,240 million euros.

"The acquisition of the telecommunications division of Arqiva is a key milestone for Cellnex," said Tobías Martínez. For the CEO of Cellnex, "the solid and extensive asset base in the United Kingdom, its income and financial profile, combined with its long history in the field of British digital infrastructure, make it an ideal complement to our operations in the United Kingdom United".

Specifically, Cellnex Telecom has reached an agreement to acquire the telecommunications division of the British company Arqiva for 2,000 million pounds sterling (about 2,240 million euros), the company reported Tuesday.

The company will finance this operation by combining a syndicated loan amounting to GBP 2 billion and available liquidity . Additionally, and also to support the financing of this transaction and other portfolio projects, Cellnex has approved the launch of a fully insured capital increase amounting to 2,500 million euros.

Through this agreement, Cellnex is made with about 7,400 sites of ownership and with the commercialization rights of 900 additional sites spread throughout the British territory.

The Spanish company has stressed that, after this operation, it will become the leading independent operator of wireless telecommunications infrastructure in the United Kingdom.

The agreement also includes concessions for the use of urban furniture for the deployment of telecommunications infrastructure in 14 districts of London, which will allow the expansion of communications networks within the framework of the 5G deployment, according to Europa Press.

Cellnex expects that by 2020 the business and assets subject to this transaction will generate an adjusted Ebitda of around 170 million pounds (about 190 million euros). Its accounting in the accounts of the Spanish would occur from the moment of the closing of the operation, scheduled for the second half of 2020.

The acquisition is subject to the mandatory authorizations by the competition authorities as well as other suspensive conditions.

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