M&A Deal Summary

Cellnex Telecom Acquires Cheung Kong - European Tower Assets & Businesses

On November 12, 2020, Cellnex Telecom acquired communications company Cheung Kong - European Tower Assets & Businesses from CK Hutchison for 10.0B EUR

Acquisition Highlights
  • This is Cellnex Telecom’s 2nd transaction in the Communications sector.
  • This is Cellnex Telecom’s largest (disclosed) transaction.
  • This is Cellnex Telecom’s 1st transaction in China.

M&A Deal Summary
Date 2020-11-12
Target Cheung Kong - European Tower Assets & Businesses
Sector Communications
Buyer(s) Cellnex Telecom
Sellers(s) CK Hutchison
Deal Type Divestiture
Deal Value 10.0B EUR

Target

Cheung Kong - European Tower Assets & Businesses

Hong Kong, China
Cheung Kong (Holdings) Ltd. - European Tower Assets & Businesses includes telecommunication tower assets and businesses portfolio for CKHGT and CKHH while accelerating the rollout of 5G across CKHGT’s networks.

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Buyer(S) 1

Buyer

Cellnex Telecom

Madrid, Spain
Category Company
Founded 2008
Sector Communications
Employees2,794
Revenue 3.8B EUR (2023)
DESCRIPTION

Cellnex Telecom, is an operator of wireless telecommunications infrastructures with a portfolio of 45,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Nether-lands, France, Switzerland, and the United Kingdom. Cellnex Telecom was founded in 2008 and is based in Madrid, Spain.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 2 of 3
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Cignal Infrastructure

Dublin, Ireland

Cignal Infrastructure Ltd. is an independent telecom tower company, by owning and operating a portfolio of telecommunications towers and sites across Ireland.

Buy €210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Hivory

Courbevoie, France

Hivory is a high-quality telecoms infrastructure provider with a nationwide presence, benefiting from more than 10,000 strategically located sites with a diversified portfolio of ground-based towers and rooftops. The company is focused on serving the growing infrastructure needs for mobile operators to provide connectivity to all parts of the French population, meeting continued strong demand for data consumption and increased coverage. Hivory was founded in 2018 and is based in Courbevoie, France.

Buy €5.2B

Seller(S) 1

SELLER

CK Hutchison

Hong Kong, China
Category Company
Founded 1828
Sector Real Estate
Employees300,000
Revenue 275.6B HKD (2023)
DESCRIPTION

CK Hutchison is a property development and strategic investment company. CK Hutchison is one of the largest developers in Hong Kong of residential, commercial, and industrial properties. CK Hutchison was founded in 1828 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 2
Country (China) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Hutchison Whampoa

Hong Kong, China

Hutchison Whampoa is a multinational conglomerate committed to innovation and technology. HWL has six core businesses ports and related services, property and hotels, retail, infrastructure, energy, and telecommunications. Hutchison Whampoa is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 HUD Group

Tsing Yi Island, China

HUD Group is a provider of multi-disciplinary marine services and engineering solutions. Its 100,000-square-metre dockyard is well located geographically on Tsing Yi Island, in close proximity to Hong Kong’s two main import and export channels: Kwai Chung Container Terminals and Hong Kong International Airport. HUD Group was founded in 1972 and is based in Tsing Yi Island, Hong Kong.

Buy -
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