Cellnex to acquire NOS' telecom-tower business for $409m.

Cellnex, an operator of wireless telecommunications infrastructure, agreed to acquire the telecom-tower business from NOS, a Portuguese media holding company, for $409m. The closing of the transaction is subject to the usual administrative and regulatory authorisations. “The agreement reached with NOS reinforces the nature and the neutral and independent operator profile that characterises the Cellnex model. Following the very recent agreement to acquire OMTEL, also in Portugal, this transaction exemplifies the sense of being an operator which, precisely due to its neutral and independent nature, can consolidate long-term collaboration projects with the various MNOs and telecom operators who access our infrastructures to roll out their telecommunications networks,” Tobias Martinez, Cellnex CEO.