Cellnex Telecom has announced the completion of the acquisition of CK Hutchison’s telecommunications tower assets in the UK.

The combined portfolio includes 30,000 sites by 2030 representing approximately 4.8% of Cellnex's share capital, as part of the consideration for this transaction. The total transaction amount includes an investment of US$10.36 billion, and the agreements also include the roll-out of new sites by 2030, representing an additional investment of US$1.19 billion.

Cellnex Telecom is an independent wireless telecommunications and broadcasting infrastructures operator that enables operators to access Europe’s most extensive network of advanced telecommunications infrastructures on a shared-use basis, helping to reduce access barriers for new operators and to improve services in the most remote areas. Cellnex manages a portfolio of 138,000 sites in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, Ireland, Portugal, Austria, Denmark, Sweden and Poland. The company's business is focused on four areas: telecommunication infrastructures services; audio-visual broadcasting networks; security and emergency service networks and solutions for smart urban infrastructure and services management.

CK Hutchison is a global mobile telecommunications and data services operator and pioneer of mobile broadband technology based in Hong Kong. The comapny's operations include mobile, mobile broadband and Wi-Fi services in 11 countries around the world.