Cellnex doubles down on Portugal with €375 million NOS acquisition

Ambitious Spanish tower specialist Cellnex is going to drop at least €375 million to the towering operations of operator NOS.

Scott Bicheno

April 14, 2020

1 Min Read
telecoms radio towers

Ambitious Spanish tower specialist Cellnex is going to drop at least €375 million to the towering operations of operator NOS.

That will buy it around 2,000 sites, including standalone towers and rooftop antennas. There’s also some kind of optional spend of up to €175 million to buy up to 400 new sites and general ‘perimeter increase’ activities over the next six years. NOS is signing a 15-year agreement to use the sites in the time-honoured buy-and-lease-back fashion.

“The agreement reached with NOS reinforces the nature and the neutral and independent operator profile that characterises the Cellnex model,” said Cellnex CEO Tobias Martinez. “Following the very recent agreement to acquire OMTEL, also in Portugal, this transaction exemplifies the sense of being an operator which, precisely due to its neutral and independent nature, can consolidate long-term collaboration projects with the various MNOs and telecom operators who access our infrastructures to roll out their telecommunications networks.”

Cellnex is on a bit of a tear at the moment, with an aggressive acquisition strategy apparently vindicated by some pretty decent recent earnings. For companies with cash to spare, the coronavirus pandemic may well be presenting some exceptional bargains as the resulting economic freeze will be making a lot of companies prioritise short-term cash flow.

About the Author

Scott Bicheno

As the Editorial Director of Telecoms.com, Scott oversees all editorial activity on the site and also manages the Telecoms.com Intelligence arm, which focuses on analysis and bespoke content.
Scott has been covering the mobile phone and broader technology industries for over ten years. Prior to Telecoms.com Scott was the primary smartphone specialist at industry analyst Strategy Analytics’. Before that Scott was a technology journalist, covering the PC and telecoms sectors from a business perspective.
Follow him @scottbicheno

test new title

See more
Subscribe and receive the latest news from the industry.
Join 56,000+ members. Yes it's completely free.

You May Also Like