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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 email@example.com
(END) Dow Jones Newswires
January 02, 2020 13:42 ET (18:42 GMT)
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