Cellnex eyes $2B sale of Swiss towers
Spanish tower operator Cellnex is reportedly preparing to sell its majority stake in its Swiss operations, with expectations that the deal could fetch
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Private equity giant EQT is reported to have submitted the leading bid in the race to acquire Cellnex's Swiss telecom tower assets, according to Spanish financial daily Expansión. Cellnex Telecom becomes the first independent wireless telecommunications services and infrastructure operator to enter Switzerland, consolidating the Company's position in Europe with more than 23,000 sites across Spain, Italy, France, Netherlands, the UK, and now Switzerland The investment totals. The move is part of a broader strategy to streamline its portfolio and focus on core European markets, following. Spanish telco Cellnex has reportedly hired JPMorgan as an advisor ahead of a potential sale of its Swiss tower subsidiary. Cellnex Telecom in consortium with Deutsche Telekom Capital Partners and Swiss Life Asset Managers announces the acquisition of Swiss Towers AG from Sunrise Communications.