October 08 - 10:10
Cellnex to buy Arqiva UK wireless infrastructure for $2.46 billion
Cellnex has agreed a deal worth $2.46 billion to buy Arqiva’s telecoms division. Under the terms, Cellnex will take control of 7,400 owned sites and the rights to market about 900 additional sites in the United Kingdom. Cellnex is to partially fund the deal through a $2.75 billion rights issue. Cellnex will become the largest independent operator of wireless infrastructure in the UK
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