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Cellnex expands in Poland acquiring Iliad network

800-mln euros investment for 60% of stake in the company

23 October, 10:44
(ANSA) - BELGRADE, 23 OTT - The company Cellnex has reached an agreement with Iliad to acquire a 60% controlling stake in the company that will operate Play's 7,000 telecommunications sites in Poland, Cellnex said in a statement today. Iliad launched a takeover bid for Play on September 21 and is expected to complete it by the end of November, the company recalled. The new telecommunications tower company in Poland could invest up to 1.3 billion over the next 10 years in rolling out up to 5,000 new sites, Cellnex said. (ANSA).

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