Nos agrees to sell 350 cell sites to Cellnex

26 Apr 2022

Portuguese operator Nos has agreed to sell a portfolio of 350 cell sites (towers and rooftops) to Cellnex Telecom in a deal worth EUR155 million (USD166 million). The transaction represents an extension of the long-term partnership established between the two companies in 2020; the initial agreement involved the disposal of the telco’s Nos Towering unit to Cellnex for EUR375 million. The new agreement is subject to the approval of the Portuguese Competition Authority (Autoridade da Concorrencia, AdC).

Portugal, Cellnex Telecom, Nos