Cellnex : Hutchison UK deal approved with milder remedies than initially suggested
>UK regulator approves the acquisition of CK Hutchison’s UK towers - The UK Competition and Markets Authority (CMA) has finally decided to approve the acquisition by Cellnex of CK Hutchison’s UK towers. The approval is subject to Cellnex divesting c.1,000 sites from its portfolio, in which there is overlap with the 6,000 sites that the acquisition entails. We consider this outcome as a clear positive for three main reasons: 1/ the preliminary findings from the CM...Cellnex Telecom SA is a Spain-based company engaged in the wireless telecommunications (telecom) business. Its activities are divided into three segments: Broadcasting infrastructure, Telecom site rental, as well as Network services and other. The Broadcasting infrastructure division comprises distribution and transmission of television (TV) and frequency modulation (FM) radio signals, operation and maintenance (O&M) of radio broadcasting network, as well as over-the-top (OTT) radio services, among others. The Telecom site rental division provides access to wireless infrastructure, primarily through infrastructure hosting and telecom equipment co-location, mainly for mobile network operators and other wireless and broadband telecom network operators. The Network services and other division offers connectivity services for a variety of telecom operators and radio communication, among others. The Company also develops 5th generation mobile networks (5G) through Alticom BV.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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