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.