Cellnex, a operator of wireless telecommunications and broadcasting infrastructures, agreed to acquire Telecoms division of Arqiva Group, a UK communications infrastructure company, for £2bn ($2.6bn). The transaction comprises c.7.4k of Arqiva’s cellular sites, including masts and towers as well as urban rooftop sites, and the right to market a further c.900 sites across the UK. Cellnex is a significant pan-European tower operator with sites in the UK, Ireland, Spain, Italy, France, Switzerland and the Netherlands. The acquisition continues Cellnex’s investment in the UK and follows their previously announced long-term strategic agreement with BT in June 2019, whereby Cellnex obtained the rights to operate and market 220 high towers located throughout the UK. “This agreement provides both stability and a focus for our future as we concentrate on the provision of broadcast infrastructure, end-to-end networks and connectivity solutions for our TV and radio customers, international content owners, data network providers and utilities," Simon Beresford-Wylie, Arqiva CEO.