EventsEventsPodcasts
Loader
Find Us
ADVERTISEMENT

Spain's Cellnex sells 1,100 UK phone towers to meet watchdog conditions

Spain's Cellnex sells 1,100 UK phone towers to meet watchdog conditions
Spain's Cellnex sells 1,100 UK phone towers to meet watchdog conditions Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
Share this articleComments
Share this articleClose Button

MADRID - Spain's Cellnex will transfer a package of 1,100 sites in the United Kingdom to British telecoms infrastructure operator Wireless Infrastructure Group (WIG), the Spanish mobile phone tower company said on Monday.

The deal, financial details of which were not disclosed, comes as part of Cellnex's bid to close the purchase of Hong Kong-based CK Hutchison's British assets.

British competition watchdog CMA had set the sale of at least 1,000 Cellnex towers in the UK as a condition to approve the acquisition plans.

The transaction with CK Hutchison is now expected to close in mid-November, Cellnex said in a statement.

Share this articleComments

You might also like

Spanish court sentences pensioner to 18 years over letter bomb campaign

Training in wartime: First Palestinian Olympic boxer aims to make history at Paris 2024

US Secret Service Director Kimberly Cheatle resigns amid pressure on Trump assasination attempt