Spanish telecommunications tower operator Cellnex has closed the acquisition of the Polish infrastructure company Polkomtel Infrastruktura for some 1.6 billion euros after receiving the green light from Poland's competition watchdog UOKiK.
The agreement, concluded with Cyfrowy Polsat Group, covers the acquisition of 99.9% of Polkomtel Infrastruktura, its telecommunications infrastructure subsidiary.
Bringing in around 7,000 towers to its portfolio and active equipment which includes 37,000 radio carriers covering all the bands used by 2G, 3G, 4G, and 5G, Cellnex’s total reach in Poland hits more than 14,000 sites after finalising a deal with Polish operator Play in April.
The agreement involves an investment of c. €1.6 billion by Cellnex, plus an additional programme to roll out up to c. 1,500 sites, as well as investments in active equipment, mostly for 5G, for a further c. €600 million over the next 9 years. The transaction has been financed with available cash.
The Spanish company will operate voice and data transmission equipment, fibre backbone, and fibre-to-the-tower backhaul.
Cellnex’s CEO Tobias Martinez said: “This allows Cellnex to rapidly consolidate and reinforce its position in Poland following the recent acquisition of towers and sites from Play. It also exemplifies our commitment to evolving the traditional tower operator model towards an integrated telecommunications infrastructure management model, combining the operation of passive elements (towers) and active elements such as transmission equipment, radio links, and fibre-to-the-tower.”
Cellnex and Cyfrowy Polsat have agreed on a 25-year service contract with subsequent renewals for 15-year periods.