Portugal’s National Communications Authority (Autoridade Nacional de Comunicacoes, ANACOM) has approved the previously agreed takeover of passive tower infrastructure belonging to PT Portugal (MEO), by Cellnex-backed CLNX Portugal. The deal is understood to comprise 223 macro-sites and 464 micro-sites (small cells) and is valued at EUR209 million (USD245.5 million). The transaction was approved by the Portuguese Competition Authority (Autoridade da Concorrencia, AdC) on 3 August 2021.
TeleGeography notes that the deal represents the latest in a series of Portuguese transactions for Cellnex. The company made its first move in January 2020, when it signed a EUR800 million agreement to acquire OMTEL from Altice Europe and Belmont Infra Holding. OMTEL was said to operate 3,000 sites in Portugal – around 25% of the overall cell towers in the country at that date. Cellnex went on to acquire 2,000 cell sites from Nos later that year, in a deal worth an initial EUR375 million. Last year, meanwhile, Cellnex acquired 65 towers from Onitelecom (ONI) via OMTEL.