ANACOM approves sale of MEO towers to Cellnex

21 Jan 2022

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.

Portugal, Altice Portugal (MEO), Autoridade Nacional de Comunicacoes (ANACOM), Cellnex Telecom