DigitalBridge Group (NYSE: DBRG) and Phoenix Tower International have shown preliminary interest in Cellnex Telecom’s (OTCPK: CLNXF) majority stake in its Swiss tower business, Bloomberg reported Tuesday, citing people with knowledge of the matter.
Investor groups EQT and Stonepeak along with SBA Communications (NASDAQ: SBAC) have also been invited, and first-round bids are anticipated by early May, according to the Bloomberg report. At the end of 2024, Cellnex reported that it owned and operated 5,573 towers in Switzerland with a build-to-suit commitments of 184 towers in 2025 and another 343 towers by 2027.
Cellnex is working with JPMorgan Chase (NYSE: JPM) and Societe Generale on a potential sale, which is valued at nearly $2.2 billion, Bloomberg reported. Prospective suitors may decide not to go ahead with bids, the report said.
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