Cellnex has completed the sale of its Austrian unit to a consortium comprised of Vauban Infrastructure Partners, EDF Invest, and MEAG for €803 million ($834m), bringing an end to Cellnex's presence in Austria after it entered the market in 2021, when it snapped up CK Hutchison's sites in the country.
"The closing of the sale of our Austrian business will allow us to further consolidate, simplify, and focus our efforts on growth opportunities in the main markets in which we operate, as well as on the balance sheet and the acceleration of shareholder remuneration, thus fulfilling our commitments to the market," said Marco Patuano, CEO of Cellnex.
Cellnex currently manages a portfolio of over 138,000 sites – including planned roll-outs up to 2030 – in 12 European countries.
