Trends
Cellnex to acquire 6 telecom towers from NOS in Portugal
ON Tower, Cellnex’s Portuguese subsidiary, is trying to purchase six telecom towers from NOS Technology.
Headline
ON Tower, Cellnex’s Portuguese subsidiary, is trying to purchase six telecom towers from NOS Technology.
Context
OUR TAKE This acquisition shows ON Tower’s commitment to improving Portugal’s telecom infrastructure. It helps them get ready for the growing need for data. The deal also shows that regular investment and working together with others is key in the telecom world, helping to make services better and more efficient. –Vicky Wu, BTW reporter Cellnex ‘s Portuguese subsidiary, ON Tower, has announced plans to acquire six telecom towers from NOS Technology , as revealed in a regulatory filing submitted to Portugal’s competition authority, the Autoridade da Concorrência (AdC). This transaction, although modest in scale compared to previous deals, signifies a strategic move by ON Tower to further consolidate its position within the Portuguese telecommunications infrastructure market.
Evidence
Pending intelligence enrichment.
Analysis
The acquisition will see ON Tower taking ownership of macro-sites that are essential for supporting wireless communication networks across the country. Notably, the agreement does not specify any financial terms; however, it outlines an initial lease period of 15 years, with options for successive extensions of the same duration. Presently, ON Tower oversees approximately 6,400 sites in Portugal, while additional micro-sites are managed through partnerships with OMTEL and Towerlink Portugal, Unipessoal, Lda. This latest acquisition builds upon a 2020 agreement wherein Cellnex secured 100% of NOS’ tower portfolio, comprising around 2,000 sites. Also read: QCell Ltd redefines The Gambia’s telecom landscape with 5G Also read: Globe Telecom modernises IT infrastructure with Red Hat for enhanced agility
Key Points
- ON Tower, Cellnex’s Portuguese subsidiary, is trying to purchase six telecom towers from NOS Technology.
- This move follows a 2020 deal where Cellnex took over 100% of NOS’s tower portfolio, and includes a 15-year initial lease with options to extend.
Actions
Pending intelligence enrichment.
