trending Market Intelligence /marketintelligence/en/news-insights/trending/k_TlUayy2cXZJg3pEpf93A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: Spain's Cellnex Telecom weighing €3B bid to take over France's TDF

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March

Kagan Survey: How Coronavirus Has Already Changed Media Consumers

Broadband-Only Homes Surge To 25% Of US Households Ahead Of COVID-19 Crisis

Report: Spain's Cellnex Telecom weighing €3B bid to take over France's TDF

Spanish telecom infrastructure operator Cellnex Telecom SA is eyeing the acquisition of a 60% stake in French tower company TDF Infrastructure SAS for about €3 billion, Telecompaper reported March 21, citing Spanish-language business publication Expansión.

For the six months ending June 30, 2018, TDF reported an infrastructure portfolio spanning 17,700 terrestrial sites, mainly in France. The company's revenue for the period was €335.2 million.

Cellnex recently completed a €1.2 billion share capital increase, the proceeds of which it planned to use for acquisitions. The 66.99 million new shares issued under the capital increase are expected to begin trading March 27.

Cellnex Telecom has long been known as an acquirer of European telecom assets. Reuters reported in March that Cellnex Telecom Chairman Marco Patuano was interested in acquiring Telecom Italia SpA's towers unit Infrastrutture Wireless Italiane SpA. In 2017, Cellnex Telecom led a consortium that bought Sunrise Communications Group AG subsidiary Swiss Towers AG for €430 million in cash. In 2016, it purchased 230 towers from Bouygues Telecom SA for €80 million.