Cellnex takes over CK Hutchison towers in Sweden

27 Jan 2021

Tower company Cellnex has completed its acquisition of the mobile tower network of Tre Sweden as part of a wider deal to buy passive assets from CK Hutchison in six European countries. Deals in Austria, Denmark and Ireland were finalised earlier this month, with the transfer of tower networks in the UK and Italy still pending. Cellnex says it has so far consolidated 9,700 sites in the four completed markets out of a total of 24,600 covered by the whole EUR10 billion (USD12.1 billion) agreement with Hutchison.