Cellnex acquires Hutchison assets in Austria, Denmark and Ireland

Cellnex Telecom has announced that it has closed the acquisition of CK Hutchison Holdings Ltd’s telecommunications tower assets in Austria, Denmark, and Ireland. The total value of the operation is €10 billion and the agreements also cover the roll-out of up to 5,250 new sites over the next eight years, with an additional investment of €1.4 billion.

In terms of sales, group turnover will increase from €1.2 billion to €3.8 billion once all planned roll-outs are complete. Estimated additional EBITDA will be around €970 million, while free and recurring cash flow will grow by around €620 million.

Cellnex Telecom is Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of c.70,000 sites including forecast roll-outs up to 2028. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the UK, Ireland, Portugal, Austria and Denmark.

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