{"id":328708,"date":"2023-09-29T10:42:30","date_gmt":"2023-09-29T10:42:30","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=381726"},"modified":"2023-09-29T10:42:30","modified_gmt":"2023-09-29T10:42:30","slug":"cellnex-sells-nordics-stake-for-e730m","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2023\/09\/29\/cellnex-sells-nordics-stake-for-e730m\/","title":{"rendered":"Cellnex sells Nordics stake for \u20ac730M"},"content":{"rendered":"

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\tCellnex agreed a deal to sell a 49 per cent stake in its Sweden and Denmark subsidiaries to infrastructure-focused investor Stonepeak for \u20ac730 million, in line with an ongoing strategy to cut debt.<\/p>\n

CEO at Cellnex Marco Patuano [1] stated the sale is expected to bring the company closer to achieving investment-grade ratings, while the proposed divestment marks the executive’s first since he assumed the role in June.<\/p>\n

Stonepeak will pay \u20ac558 million upfront, plus \u20ac130 million three years after closing the deal, and a \u20ac40 million earn-out expected in 2026.<\/p>\n

The tower company explained the agreement with Stonepeak is in line with objectives [2] set in November 2022 to reduce debt and place more attention to organic growth, after it bought 130,000 European towers over the last few years.<\/p>\n

Cellnex operates a total of 4,557 sites across Sweden and Denmark and it has also committed to build and operate approximately 2,500 additional sites in the countries.<\/p>\n

The deal with Stonepeak is subject to regulatory approval and is expected to complete in Q1 2024. Cellnex will continue to manage the day-to-day business of the operations.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/former-telecom-italia-boss-heads-for-cellnex\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/cellnex-declares-end-to-aggressive-european-ma\/<\/p>\n\n

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Cellnex agreed a deal to sell a 49 per cent stake in its Sweden and …<\/p>\n

The post Cellnex sells Nordics stake for \u20ac730M<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":1854,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Cellnex sells Nordics stake for \u20ac730M - ITTeacherITFreelance.hk","description":"Cellnex agreed a deal to sell a 49 per cent stake in its Sweden and ... The post Cellnex sells Nordics stake for \u20ac730M appeared first on Mobile World Live ."},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328708"}],"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\/1854"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=328708"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328708\/revisions"}],"predecessor-version":[{"id":328709,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328708\/revisions\/328709"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=328708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=328708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=328708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}