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Clifford Chance advises Cellnex Telecom on its acquisition of Arqiva's Telecoms Towers Business for £2 billion

8 October 2019

Clifford Chance advises Cellnex Telecom on its acquisition of Arqiva's Telecoms Towers Business for £2 billion

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.

Arqiva will retain rights to access and use certain transferred sites for its broadcast and machine-to-machine businesses, with a management agreement to allow Cellnex to market and receive revenues from certain sites retained by Arqiva. The transaction is expected to close in 2020.

The Clifford Chance team is led by Corporate partners Joel Ziff and Melissa Fogarty (Co-Head of Corporate, London), assisted by corporate senior associate Adam Dalton and associate Joanne Hughes. The commercial aspects of the acquisition are led by TMT partner André Duminy and TMT senior associates Daryl Cox and Ellen Iu, assisted by TMT associates Hannah Collins and Rachel Pereira. The antitrust aspects are led by Alex Nourry, partner, and assisted by senior associate Chandralekha Ghosh and associate Sam Parry. The real estate aspects are led by Alis Pay, partner and Rob Donell, Senior Associate.