Abertis, a unit of Spanish conglomerate Abertis Infraestructuras, has acquired 1,741 mobile towers for €171m (US$233m) from Telefonica and Yoigo, completing the first stage of a deal announced in August 2013.
The infrastructure company agreed at…
Abertis, a unit of Spanish conglomerate Abertis Infraestructuras, has acquired 1,741 mobile towers for €171m (US$233m) from Telefonica and Yoigo, completing the first stage of a deal announced in August 2013.
The infrastructure company agreed at the time to buy at least 4,227 mobile towers from the two local operators for €385m (US$510m).
Following the first phase, the infrastructure will be used by all three companies in the next few years and will also be available to other interested operators.
Abertis, which acquired 1,000 towers from Telefonica in 2012, said in a statement on Monday that the latest transaction will consolidate the group’s position in Spain’s fixed and mobile market, while creating opportunities for sharing 4G infrastructure.
