Workflow
Mobile Phone Towers
icon
Search documents
Cellnex sells French data center unit for 391 million euros
Yahoo Financeยท 2025-10-17 07:02
Group 1 - Cellnex has signed a put option agreement to sell its 99.99% stake in Towerlink France to Vauban Infra Fibre for 391 million euros ($458 million) [1] - The transaction will be fully paid in cash upon closing [1] - This sale is part of Cellnex's strategy to focus on its core business and improve its financial position, moving away from acquisitions [2] Group 2 - Towerlink France is responsible for Cellnex's main data center operations in France [2] - Earlier in the year, Cellnex sold its Austrian business for an enterprise value of 803 million euros and its Irish unit for 971 million euros [2]