Selnex Telecom has finally signed an agreement with French Iliad to buy a 60% majority stake in a company that operates around 7,000 telecommunications platforms for mobile operator Play in Poland. 800 million euros has been earmarked for this operation. Selnex, which announced the deal last October, has been given the green light by rival authorities in Poland. As announced on Thursday, the remaining 40% would be owned by Play, according to the model that Selnex and Iliad agreed to in its day for free operating towers from subsidiaries in France.
The Polish telecommunications infrastructure company controlled by Celnx will invest up to $ 1.3 billion in 5,000 new locations by 2030.
Polish telecommunications infrastructure company to invest around $ 1.3 billion by 2030
Selnex has entered into a service agreement with Flea for a period of 20 years, which can be extended for another 10 years. In short, as described by the Catalan Institute The contract (Sales on contract), this activity would represent an increase of € 6,000 million for the group. The contract Italy and United Kingdom (CK Euro).
Selnex Telecom is a major European operator of wireless telecommunications infrastructure and is active in Spain, Italy, Netherlands, France, Switzerland, United Kingdom, Ireland, Portugal, Austria, Denmark, Sweden and Poland. The company has 64,000 operational locations and plans to double the number of towers over the next ten years. On the other hand, Celnex has received confirmation from the Retirement Plan Investment Board of Canada for membership of shares representing 5.17% of the company’s initial $ 7,000 million capital increase, already making up about 32%.
As reported to CNMV on Thursday, the company has “irrevocable obligations” to subscribe to a number of shares, representing approximately one-third of the capital increase. On 30 March, Selnex began a macro expansion of approximately 36 7,000 million at 36.33 per share, already acquiring 27% for the interest of existing shareholders. This expansion, with preferential membership rights, aims to strengthen interest in Europe to finance the development of the telecommunications infrastructure portfolio managed by the group.