Cellnex Divests French Data Center Operations in €391 Million Strategic Sale
Spain’s Cellnex has agreed to sell its French data center operations to Vauban Infra Fibre through a €391 million cash deal. The transaction continues Cellnex’s strategy of divesting non-core assets to strengthen its financial position while focusing on its primary mobile tower business.
Major European Telecom Infrastructure Deal
Spain’s Cellnex Telecom, Europe’s largest mobile phone tower operator, has reportedly reached an agreement to divest its French data center operations in a significant strategic move. According to reports from Reuters, the company has signed a put option agreement to sell 99.99% of Towerlink France’s share capital to Vauban Infra Fibre for 391 million euros ($458 million).