Cellnex Telecom SA has agreed to sell its Austrian business to an investor consortium comprised of Vauban Infrastructure Partners, EDF Invest and MEAG for an enterprise value of €803 million ($877 million), as the Spanish tower operator works to cut debt and exit smaller markets.
The deal includes an unconditional deferred payment of €272 million in December 2028 and is subject to customary regulatory approvals, Cellnex said in a statement on Friday. Once the transaction closes, the company “will reassess its capital allocation priorities,” it said, in reference to a possible share buyback.
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