Mediacenter
- 13 May 2022
- ·
- M&A
CMA approves and publishes final undertakings related to the acquisition of CK Hutchison’s UK sites
Barcelona / London, 13 May 2022. Cellnex Telecom announces the UK’s Competition and Markets Authority (CMA) has accepted and published the final undertakings related to the Company’s acquisition of CK Hutchison’s sites in the UK.
The final undertakings can be found by following this link to the CMA website: LINK
The UK transaction between Cellnex and CK Hutchison was formally approved by the CMA on 3 March 2022, subject to the divestment of around 1,000 Cellnex’s existing UK sites which overlap geographically with CK Hutchison sites to be acquired.
About Cellnex Telecom
The efficient deployment of next-generation connectivity is essential to drive technological innovation and accelerate inclusive economic growth. Cellnex Telecom is the independent wireless telecommunications and broadcasting infrastructures operator that enables operators to access Europe’s most extensive network of advanced telecommunications infrastructures on a shared-use basis, helping to reduce access barriers for new operators and to improve services in the most remote areas.
Cellnex manages a portfolio of 137,000 sites —including forecast roll-outs up to 2030— in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, Ireland, Portugal, Austria, Denmark, Sweden and Poland. Cellnex’s business is structured in four major areas: telecommunication infrastructures services; audiovisual broadcasting networks; security and emergency service networks and solutions for smart urban infrastructure and services management (Smart cities and the Internet of Things (IoT)).
The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 100 indices. It is also present in the main sustainability indexes, such as CDP (Carbon Disclosure Project), Sustainalytics, FTSE4Good, MSCI and Standard Ethics.
Cellnex’s reference shareholders include Edizione, GIC, TCI, Blackrock, Canada Pension Plan, CriteriaCaixa, Wellington Management Group, Capital Group, Fidelity and Norges Bank.
For more information: https://www.cellnextelecom.com/
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