Stonepeak to Acquire a 49% Interest in Cellnex Telecom Subsidiaries for EUR 730 m.
MANews-(C)2009-2023
US-based alternative investment firm Stonepeak has agreed to acquire a 49% interest in Cellnex Sweden and Cellnex Denmark, subsidiaries of European wireless telecommunications infrastructure provider Cellnex Telecom ("Cellnex") for EUR 730 m (USD 769 m), the company said.
Cellnex will continue to manage the day-to-day business of Cellnex Nordics and consolidate the results of its operations.
Cellnex Nordics provides mobile network operators with colocation services for their wireless networking equipment through a network totalling 4,557 sites across Sweden and Denmark. The Cellnex Nordics business holds commitments and options to build and operate approximately 2,500 additional sites in the region, positioning it well for continued organic growth.
The transaction is subject to regulatory approvals and is...
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