- Cellnex plans to sell its 72% stake in its Swiss unit for around $2.2 billion as part of a strategic shift.
- The sale aims to streamline operations and focus on core markets, attracting interest from major global investors.
What happened: Cellnex moves to sell Swiss business in $2.2B deal
Cellnex, a leading European telecom tower operator, plans to sell its 72% stake in its Swiss operations for approximately $2.2 billion. The move is part of the company’s ongoing effort to streamline its portfolio and focus on core markets.
The sale process is being managed by JPMorgan Chase and Société Générale, with initial bids expected in early May. Interested parties reportedly include major infrastructure investors such as DigitalBridge, Phoenix Tower International, EQT, SBA Communications, and Stonepeak.
Cellnex first entered the Swiss market in 2017 through its acquisition of 2,339 towers from Sunrise Communications. This sale follows its previous exit from Austria, where it sold its unit for $865 million in 2024.
Also read: Cellnex nears break-even point amid tower expansion efforts
Also read: Cellnex and VMO2 enhance connectivity in Bristol
Why it’s important
The planned divestment marks a strategic move by Cellnex to reduce debt and concentrate resources on high-priority markets. It reflects a broader trend in the telecom sector where operators are reassessing their asset portfolios amid rising investment interest in digital infrastructure. Selling the Swiss business could free up capital for reinvestment and bolster Cellnex’s long-term growth plans.
