Cellnex Telecom has announced a strategic move to acquire six telecom towers from Portuguese carrier NOS, further expanding its footprint in Portugal. The deal, which is pending regulatory approval, will see Cellnex’s Portuguese subsidiary, On Tower, take over the passive infrastructure assets.
Deal Overview
Cellnex Telecom, through its Portuguese subsidiary On Tower, has struck a deal to acquire six telecom towers from NOS Technology. The acquisition is part of Cellnex’s ongoing strategy to expand its infrastructure footprint in Europe.
The acquisition of six telecom towers from NOS by Cellnex’s Portuguese subsidiary, On Tower, marks another significant step in Cellnex’s expansion strategy. Pending regulatory approval, this deal will enhance Cellnex’s infrastructure capabilities in Portugal, contributing to its broader European growth ambitions.
