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Cellnex Will Return Cash to Shareholders Amid Asset Sales

Cellnex Will Return Cash to Shareholders Amid Asset Sales
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Cellnex Agrees to Sell Nordics Stake for €730 Million

(Bloomberg) Cellnex Telecom SA agreed to sell a stake in its businesses in Denmark and Sweden for about €730 million ($772 million) in a drive to cut debt. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally UAW Aims For At Least 30% Wage Bump to Woo New MembersTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleEurope’s Richest Royal Family Builds $300 Billion Finance EmpireBiden Impeachment Hearing Heavy on Politics, Light on SubstancePri

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Cellnex to Acquire Altice s French Towers in $6 3 Billion Deal

Cellnex to Acquire Altice’s French Towers for $6.3 Billion Bloomberg 2/3/2021 © Bloomberg Parabolic antenna sit on the Rocacorba broadcasting tower in Girona, Spain. (Bloomberg) Cellnex Telecom SA said it will acquire French telecommunication towers from billionaire Patrick Drahi’s Altice Europe NV for 5.2 billion euros ($6.3 billion), the mast operator’s third major deal in as many months. Popular Searches Barcelona-based Cellnex is in exclusive talks to buy Hivory, a joint venture between Altice and KKR & Co. that owns around 10,500 towers in France, it said in a filing Wednesday that confirmed an earlier Bloomberg News report. Cellnex is planning a capital increase of as much as 7 billion euros to fund the acquisition. It follows the 10 billion-euro purchase of CK Hutchison Holdings Ltd.’s European towers in November, and a deal with Deutsche Telekom AG in the Netherlands last month.

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