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Phoenix Tower International acquires 100% of Cellnex’s business in Ireland for €971 million

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Posted By: The Corner 3rd March 2025

Alphavalue / Divacons | The Spanish communications tower company and Phoenix Tower International closed the deal announced on 5 March 2024, whereby PTI has acquired 100% of the Irish telecommunications tower and infrastructure operator for €971 million. ‘As we announced at the results presentation, next Monday we will begin the share buyback programme of up to €800 million as the first step in our unequivocal commitment to shareholder remuneration. It will mark a pivotal moment in Cellnex’s history,’ said Marco Patuano, CEO of Cellnex.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.