Cellnex to acquire a 60% stake in Play from Iliad for $945m.

Cellnex, an operator of wireless telecommunications and broadcasting infrastructures, agreed to acquire a 60% stake in Play, a mobile operator in Poland, from Iliad, a French provider of telecommunication services, for $945m. “Cellnex’s European network continues to grow in scope and geographic diversification, density and capillarity. This is most certainly a significant differentiating factor that represents an undoubted added value, allowing us to present ourselves as a natural partner of choice for European mobile operators with which we can work together in different markets, supporting them in their projects to complete the roll-outs of 4G and accelerate the spread of 5G," Franco Bernabè, Cellnex Chairman.