Spanish telecom infrastructure giant Cellnex has agreed to sell its entire 99.99% stake in Towerlink France to Vauban Infra Fibre for €391 million. The deal, executed through Cellnex’s French subsidiary, will be paid entirely in cash at closing, signaling a decisive move in the company’s ongoing strategic reshaping.
The sale of Towerlink France, which manages Cellnex’s primary data center operations in France, marks a continued effort by Europe’s largest mobile tower operator to refocus on its core tower and wireless infrastructure business. This comes after earlier divestments in Austria and Ireland, which brought in enterprise values of €803 million and €971 million, respectively.
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Sources indicate that Cellnex has been reviewing its non-core assets, including its French data center business, to strengthen its financial position while scaling back on new acquisitions. The company’s focus now appears firmly on consolidating its telecom infrastructure footprint across Europe.
Industry analysts note that this sale reflects a broader trend among telecom tower operators, prioritizing high-return core assets over peripheral ventures like data centers. It is expected to provide Cellnex with additional liquidity to invest in strategic expansions and enhance shareholder value.
