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Cellnex Is in Advanced Talks for CK Hutch Tower Unit

  • Spanish tower operator struck accord in Poland earlier Friday
  • It would be one of Europe’s top telecom infrastructure deals
Spain's Cellnex Telecom SA Sites As Company Eyes Stake In $11 Billion Tower Deal
Photographer: Angel Garcia/Bloomberg
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Cellnex Telecom SA is in advanced talks to acquire CK Hutchison Holdings Ltd.’s European wireless tower business, according to people familiar with the matter, which would mark one of Europe’s biggest telecom infrastructure deals.

Europe’s largest wireless tower operator is discussing a purchase of the CK Hutchison portfolio for about 9 billion euros ($10.7 billion), said the people, who asked not to be identified because the matter is private. No final agreement has been reached, the people said. The terms, including price and structure, may change and talks could still fall apart.