Announced
Financials
Tags
Single Bidder
Pending
Acquisition
Majority
Domestic
Private
Telecommunications Equipment
Friendly
wireless infrastructure
telecom towers
Infrastructure
United Kingdom
Synopsis
Wireless Infrastructure Group, an independent infrastructure company, agreed to acquire the 1.1k telecom towers in the UK from Cellnex, an operator of wireless towers. Financial terms were not disclosed. “The divestiture agreement reached with WIG allows us to meet the conditions required by the UK Competition and Markets Authority and to proceed to complete the UK CK Hutchison transaction, the last of the deals announced in November 2020 to integrate the global CK Hutchison’s telecommunications sites in six European countries,” Àlex Mestre, Cellnex Deputy CEO.
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