Cellnex Telecom has sold its Irish operations to PTI for €971 million, allowing the company to focus on core markets and enhancing shareholder value through a share buyback program.
Target Information
Cellnex Telecom is a leading European telecommunications operator specializing in wireless mobile infrastructure. Recently, the company completed the sale of its business operations in Ireland to PTI for a notable sum of €971 million. This divestiture aligns with Cellnex's strategic focus on optimizing its business portfolio and enhancing shareholder value.
The sale not only reflects Cellnex's robust financial performance with a reported growth of revenues by 7.7% and a significant increase in EBITDA, but it also allows the company to concentrate on its core markets. The proceeds from the transaction are expected to fund future business development initiatives and shareholder returns through a planned share buyback program of up to €800 million.
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Industry Overview
The telecommunications industry in Ireland has been evolving rapidly, driven by a surge in mobile data consumption and the demand for faster network connectivity.
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PTI
invested in
Cellnex business in Ireland
in 2025
in a Other deal
Disclosed details
Transaction Size: $1M