Cellnex Telecom’s £2 Billion Acquisition Of Arqiva’s Telecoms Towers Business

Clifford Chance is advising Cellnex Telecom, the Spanish infrastructure operator for wireless telecommunication in Europe, on its acquisition of Arqiva’s telecoms towers business for £2 billion. Linklaters advised Arqiva on the transaction.

The transaction is expected to close in 2020. The transaction covers approximately 7,400 of Arqiva’s cellular sites, including masts and towers as well as urban rooftop sites, and the right to market a further 900 sites across the UK.

Arqiva is a British telecommunications company which provides infrastructure and broadcast transmission facilities in the United Kingdom and the Republic of Ireland, along with commercial WiFi and smart meter facilities for Scotland and the north of England.

Cellnex Telecom S.A. is an independent operator of wireless telecommunications infrastructure and broadcast infrastructure. The Company’s sites are located in Spain and Italy.

The Clifford Chance team is being led by corporate partners Joel Ziff (Picture) and Melissa Fogarty (Co-Head of Corporate, London), assisted by corporate senior associate Adam Dalton and corporate associate Joanne Hughes, with support from TMT senior associate Daryl Cox.

The Linklaters team was led by Corporate partner and Global Co-Head of Infrastructure, Jessamy Gallagher, along with Corporate managing associate Nicole Meyer and corporate partner David Martin. The team also included UK Head of Competition, Nicole Kar, competition partner Simon Pritchard, global Co-Head of Fintech & TMT, Julian Cunningham-Day and finance partner Reza Taylor; as well as managing associates Mark Daniel, Rich Jones and Elisabeth Johnson.

Involved fees earner: Daryl Cox – Clifford Chance; Adam Dalton – Clifford Chance; Melissa Fogarty – Clifford Chance; Joanne Hughes – Clifford Chance; Joel Ziff – Clifford Chance; Julian Cunningham-Day – Linklaters; Mark Daniel – Linklaters; Jessamy Gallagher – Linklaters; Elisabeth Johnson – Linklaters; Rich Jones – Linklaters; Nicole Kar – Linklaters; David Martin – Linklaters; Nicole Meyer – Linklaters; Simon Pritchard – Linklaters; Reza Taylor – Linklaters;

Law Firms: Clifford Chance; Linklaters;

Clients: Arqiva Group Limited; Cellnex Telecom S.A.;