Home › Cellnex to buy tower infrastructure of Play in Poland
 

Keywords :   


Cellnex to buy tower infrastructure of Play in Poland

2020-10-23 10:46:00| Telecompaper Headlines

(Telecompaper) Spanish operator Cellnex has agreed to acquire the tower infrastructure of Polish operator P4 from France's Iliad group. Under the deal, Cellnex will buy about 7,000 sites, and pay EUR 800 million for a 60 percent controlling stake in the company that will manage those sites. The newly-created tower company plans to invest up to EUR 1.3 billion into rolling out of up to 5,000 new sites over the next 10 years. Iliad launched a takeover bid for Play  last month and is expected to close that deal by November. The agreement between Iliad and Cellnex is expected to complete in the second quarter of next year. At that point, Cellnex will have 73,000 sites in nine countries. 

Tags: buy play tower poland

Category:Telecommunications

Latest from this category

All news
20.01Redefining Detection Engineering and Threat Hunting with RAIDER
Telecommunications »
29.01H5N1 Risk to Swine Research Program seeks 2nd round of proposals
29.01duBreton responds to Canada's approval of the PRRS-resistant pig
29.01Boss of Post Office IT scandal firm Fujitsu to step down
29.01Winter lice hit cattle hard this season
29.01Ministers reject Waspi calls for compensation after rethink
29.01Ministers reject Waspi calls for compensation after rethink
29.01Cattle on Feed suggests continued tight supplies and limited heifer retention
29.01Treating disease early vs. precisely
More »