Orange Group considering sale of Spanish antennas?

15 Aug 2014

France’s Orange Group is said to be examining a potential sale of around 9,400 mobile antennas in Spain as it looks to cut costs and boost profitability as operators in that market consolidate, according to Reuters. The report cites a source familiar with the situation as saying: ‘Several infrastructure management firms are being sounded out to see how much interest there is in the market, although it still has to be decided if the deal will go ahead or not.’ It has been suggested that should the company sell off, and likely lease back, the antennas the deal could be worth around EUR885 million (USD1.1 billion); this price is based on the value of an August 2013 deal which saw Telefonica Espana, Yoigo and Abertis ink terms for the restructuring and rationalising of mobile infrastructure belonging to both operators, with Abertis at that date agreeing to acquire at least 4,227 passive infrastructures from the duo for EUR385 million.