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Hutchison and Cellnex confirm 'advanced talks' over EUR 10 bln tower asset sales
2020-11-04 10:57:00| Telecompaper Headlines
(Telecompaper) CK Hutchison, the parent company of mobile operator 3 Group, has confirmed recent reports that it is in advanced negotiations regarding the sale of its European mobile tower business to Spanish operator Cellnex Telecom, already Europe's largest mobile towers company. In a statement, CK Hutchison said it has reached "substantial agreement" on the key commercial terms for the disposal of the telecommunications infrastructure assets in Europe held indirectly by its CK Hutchison Group Telecom Holdings subsidiary to Cellnex. It added that total proceeds on completion of the transactions would amount to around EUR 10 billion, including minority partners' shares.
Tags: advanced
sales
eur
confirm
Cellnex 9-mth EBITDA up 68%, confirms guidance and M&A plans
2020-11-04 09:28:00| Telecompaper Headlines
(Telecompaper) Spanish operator Cellnex Telecom, Europe's largest mobile towers company, reported revenues up 53 percent year on year to EUR 1.15 billion in the 9 months to end of September, with EBITDA surging 68 percent to EUR 838 million after consolidating assets acquired in 2019 in France and Italy (Iliad), Switzerland (Salt), the UK (Arqiva), Ireland (Cignal) and Spain (Orange), as well as the purchase of OMTEL in Portugal (3,000 sites) and the recent acquisition of 7,000 Polish sites from Iliad. On the back of these results, the company confirmed the upwardly revised guidance it issued in July of full-year EBITDA amounting to EUR 1.16-1.18 billion from a previous estimate of EUR 1.065-1.085 billion and free and recurring cash flow (RLFCF) of around 70 percent for 2020 versus an initial estimate of 50 percent.
Tags: ma
plans
guidance
confirms
Insatiable: Cellnex eyeing Hutchison towers for 9bn
2020-10-27 01:00:00| Total Telecom industry news
After a year of purchase after purchase, one would be forgiven for thinking that Spanish operator Cellnex is satiated, at least for the rest of the year. According to reports, however, you would be wrong, with Cellnex seemingly saving the best for last &ndash…read more on TotalTele.com »
Tags: towers
hutchison
eyeing
9bn
Cellnex in advanced talks to acquire EUR 9 bln Hutchison tower business - report
2020-10-26 13:58:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure operator Cellnex Telecom is in advanced negotiations to acquire CK Hutchison's European mobile tower business for around EUR 9 billion, according to unnamed sources cited by Bloomberg. Cellnex is already Europe's largest towers company and has recently agreed to acquire 7,000 Polish cites from France's Iliad Group to increase its portfolio to 73,000 towers in 9 countries by the end of H1 2021. CK Hutchison and Cellnex have been in talks since at least July, when Bloomberg reported that the Hong Kong-based conglomerate was considering the sale of a minority stake in its European towers unit.
Tags: business
advanced
report
eur
Cellnex to buy tower infrastructure of Play in Poland
2020-10-23 10:46:00| Telecompaper Headlines
(Telecompaper) Spanish operator Cellnex has agreed to acquire the tower infrastructure of Polish operator P4 from France's Iliad group. Under the deal, Cellnex will buy about 7,000 sites, and pay EUR 800 million for a 60 percent controlling stake in the company that will manage those sites. The newly-created tower company plans to invest up to EUR 1.3 billion into rolling out of up to 5,000 new sites over the next 10 years. Iliad launched a takeover bid for Play last month and is expected to close that deal by November. The agreement between Iliad and Cellnex is expected to complete in the second quarter of next year. At that point, Cellnex will have 73,000 sites in nine countries.