Cellnex expands Poland tower network with Polkomtel deal

1 Mar 2021

Mobile tower firm Cellnex has agreed a EUR1.6 billion (USD1.9 billion) deal to acquire network assets from Polish mobile operator Polkomtel, which trades under the Plus brand. The transaction will add 7,000 towers to the Cellnex European footprint, while it is also buying active infrastructure including 37,000 radio carriers, 11,300km of fibre backbone network and a nationwide network of microwave radio links. Cellnex has also agreed to roll out 1,500 new sites for Polkomtel, mainly for 5G, at a cost of EUR600 million over the next ten years. In October 2020 Cellnex signed a EUR800 million deal to acquire a 60% stake in the infrastructure unit of Polish cellco Play.

Poland, Cellnex Telecom, Plus (Polkomtel)