Cellnex completed the acquisition of Cignal from InfraVia Capital Partners for €210m.

Cellnex, one of the main operators of wireless telecommunications and broadcasting infrastructures in Europe, completed the acquisition of Cignal, the Irish based independent telecommunications Infrastructure operator, from InfraVia Capital Partners for €210m ($232m). Cignal currently owns 546 telecoms tower sites across the country, having significantly expanded its portfolio since it was founded following the acquisition of 300 tower locations from Coillte in 2015. “With Cignal, we are not only integrating the leading independent telecommunications infrastructure operator in Ireland with a professional and experienced management team; we are also committing to consistent growth in Europe, incorporating a seventh market - which naturally extends the current geographical coverage of the six countries in which we already operate -, and in which we will work with customers to whom we already offer service in other countries, thereby strengthening our long-term collaborative relationship," Tobias Martínez, Cellnex CEO.