Cellnex completes the largest purchase in its history: 10 billion in Hutchison infrastructure

• Company.Why everyone talks about (and with) Cellnex

Cellnex confirms that it is "in advanced conversations with Hutchison in order to explore strategic collaboration scenarios between the two companies, including the potential acquisition of certain infrastructure assets and the execution of service contracts."

The Barcelona-based Spanish company is making progress in what could become the largest operation in its history.

Hutchinson, a group of Hong Kong origin, has valued the possible sale of infrastructure to Cellnex at around 10 billion euros, with six European countries involved: the United Kingdom, Ireland, Italy, Sweden, Denmark and Austria.

In these last three, Cellnex currently lacks infrastructures and would make its way underpinning a firm expansion plan throughout the continent.

The company led by Tobías Martínez has chained numerous acquisitions of assets in Europe, to the point of becoming the main neutral telecommunications infrastructure operator on the continent and the second largest in the Western world, just behind American Tower.

Cellnex

telecommunications

and purchases do not stop.

The main purchase made to date is the one agreed with the British group Arquiva: 8,300 facilities (7,400 in ownership and 900 in right of use) for 2,240 million euros.

The 10,000 million in which Hong Kongers dimension this operation almost five times that purchase from Arqiva.

In order to prepare for new purchases, Cellnex completed a

euros

this summer

, which gave way to a volume of new shares worth 26% of the previous capital.

Hutchinson is considering disengaging from assets in Europe, for which he has contemplated a minority sale of shares.

However, Cellnex has distinguished itself by trying to

that it has added, which would lead to think of a purchase operation rather than a shareholding with the international firm headed by the Chinese Li Ka-shing.

Spain, Italy, France, the United Kingdom, Switzerland, the Netherlands and Ireland are the European territories in which Cellnex accumulates infrastructures (mainly towers), essential for establishing mobile communications and more necessary than ever for the deployment of 5G, which requires a multiplication of connection points and a wide network of infrastructures that guarantee ambitious coverage.

Telecommunications operators,

lifelong

, are not going through their best moment, in a deflationary environment in which the difficulty of increasing and even maintaining the level of income has been punished in the valuations.

For this reason, these

operators

are focusing on the core of their activity, service, and have been shedding infrastructures, so that their savings banks are revitalized and can face the heavy investments planned

.

Meanwhile, other companies specialized in infrastructures are striving to accumulate assets that seem essential for the future, as is the case of Cellnex.

Within the European market of neutral telecommunications infrastructure operators, in addition to American Tower and Cellnex, the US companies Crown Castle and SBA, the German Deutsche Funkturm, the Italian Inwit and the British CTIL and MBNL stand out.

According to the criteria of The Trust Project

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