Spain's Cellnex Buying Portugal's Omtel --Reuters

Date : 01/02/2020 @ 6:57PM
Source : Dow Jones News
Stock : Morgan Stanley (MS)
Quote : 47.24  -0.79 (-1.64%) @ 1:00AM
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Spain's Cellnex Buying Portugal's Omtel --Reuters

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--Wireless infrastructure company Cellnex Telecom SA said it will buy Omtel, a Portuguese telecommunications tower company, in a deal valued at around EUR800 million, Reuters reported Thursday.

--Spain's Cellnex is buying Omtel from Altice Europe NV and a group of funds controlled by Morgan Stanley, the report said.

--Cellnex will make an initial payment of EUR300 million, with the rest due in 2027, the report said.

 

Full story: https://www.reuters.com/article/us-omtel-m-a-cellnex/cellnex-agrees-to-buy-portugals-omtel-for-800-million-euros-idUSKBN1Z117K

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 02, 2020 13:42 ET (18:42 GMT)

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