Cellnex has closed on the acquisition of the network of c.7,000 Play sites in Poland. After receiving the green light from the competition authorities in Poland, Cellnex has formalised the acquisition announced in October -with an associated investment of c. €800 million-, to acquire a 60% controlling stake in the company that will now manage these sites.
This new telecommunications infrastructure operator controlled by Cellnex plans to invest up to €1.3 billion by 2030 to roll out up to c. 5,000 new sites in Poland.
Cellnex has concluded long-term service contracts with Play for a period of 20 years, extendible for a further successive periods of 10 years.
About Cellnex Telecom
Cellnex Telecom is Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of more than 128,000 sites, c. 71,000 of which are already operative, and the rest in the process of finalisation or planned roll-outs up to 2030. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the UK, Ireland, Portugal, Austria, Denmark, Sweden and Poland.
Cellnex’s business is structured in four major areas: telecommunications infrastructure services; audiovisual broadcasting networks, security and emergency service networks and solutions for smart urban infrastructure and services management (Smart cities and the ‘Internet of Things’ (IoT)).
The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 600 indices.