Vauban Infrastructure Partners, EDF Invest and MEAG to acquire the Austrian business of Cellnex Telecom for €803m.

Private equity firms Vauban Infrastructure Partners, EDF Invest and MEAG, agreed to acquire the Austrian business of Cellnex Telecom, a telecommunication services provider, for €803m. "The sale of our business in Austria is one further step within the company’s ‘Next Chapter’, in line with our strategy, to achieve the goal of consolidating, simplifying our corporate structure and focusing our efforts in the existing growth opportunities in the main markets in which we operate. It will also allow us to move forward on two other strategic objectives such as the focus on the balance sheet and shareholder remuneration, thus fulfilling our commitments to the market," Marco Patuano, Cellnex CEO.