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Europe’s largest Telecom operator Cellnex Telecom, agreement to acquire Arqiva’s Telecoms division for a total consideration of $2.4 billion.

Details are provided below:

  • •With this deal Cellnex becomes the largest independent operator of wireless infrastructure in the UK.
  • “The Arqiva Telecoms division acquisition is a key milestone for Cellnex,” said Tobias Martinez, CEO of Cellnex. “Its strong UK asset-base, revenues and financial profile, combined with its long history at the heart of UK digital infrastructure, make it a perfect addition to our operations. This deal will not only add c.8,300 telecom sites to our portfolio but an experienced team that will further strengthen Cellnex’s demonstrated ability to meet its customers requirement.

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