{"id":148016,"date":"2020-12-18T10:50:33","date_gmt":"2020-12-18T10:50:33","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=305346"},"modified":"2020-12-18T10:50:33","modified_gmt":"2020-12-18T10:50:33","slug":"shareholders-clear-ck-hutchison-cellnex-tower-deal","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/12\/18\/shareholders-clear-ck-hutchison-cellnex-tower-deal\/","title":{"rendered":"Shareholders clear CK Hutchison, Cellnex tower deal"},"content":{"rendered":"

<\/p>\n

\tCK Hutchison moved a step closer to completing a \u20ac10 billion sale [1] of its European tower assets to Cellnex Telecom after the Hong Kong company\u2019s shareholders blessed the transaction.<\/p>\n

Shareholders unanimously approved the sale in an EGM held today (18 December), during which they also voted to re-elect Wong Kwai Lam as a CK Hutchison director.<\/p>\n

The vote advances a deal struck with Cellnex in November involving the sale of tower assets and businesses in Austria, Denmark, Italy, Republic of Ireland, Sweden and the UK.<\/p>\n

The agreement involves separate transactions in each country: CK Hutchison previously stated it expected the first of these to close by end-December and the rest in 2021, all subject to \u201crelevant conditions\u201d being met.<\/p>\n

Around 24,600 sites are involved, with the companies partnering to deploy roughly 6,700 more. Long-term service contracts spanning 15 years are also included.<\/p>\n

When the deal was announced, Cellnex explained it strengthened its position in Italy, the UK and Ireland, while adding Austria, Sweden and Denmark.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/cellnex-closes-in-on-e10b-hutchison-tower-deal<\/p>\n\n

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CK Hutchison moved a step closer to completing a \u20ac10 billion sale of its European …<\/p>\n

The post Shareholders clear CK Hutchison, Cellnex tower deal<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":474,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Shareholders clear CK Hutchison, Cellnex tower deal - ITTeacherITFreelance.hk","description":"CK Hutchison moved a step closer to completing a \u20ac10 billion sale of its European ... The post Shareholders clear CK Hutchison, Cellnex tower deal appeared firs"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/148016"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/474"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=148016"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/148016\/revisions"}],"predecessor-version":[{"id":148017,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/148016\/revisions\/148017"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=148016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=148016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=148016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}