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According to reports, the sale could raise hundreds of millions of euros
Reports on Friday suggest that digital infrastructure specialist Cellnex is currently in discussions with advisors regarding the potential sale of its French data centre unit.
While the financial details of any potential sale were not revealed, two anonymous sources told Reuters that the deal could fetch “a few hundred million euros”.
According to the company website, Cellnex has over 100 Edge data centres in France, operated by its NexLoop unit, which it acquired in 2020.
Cellnex is the largest telecoms tower operator in Europe, having grown enormously at the start of the decade through a highly aggressive pursuit of M&A.
Since 2022, however, the company’s strategy has changed, moving its focus away from M&A opportunities and instead turning to organic growth.
Over the last year, this strategic shift has seen the company pull back from a number of business units across the continent. Earlier this year, for example, Cellnex agreed to sell Cellnex Ireland to Phoenix Tower International for roughly €1 billion, while also selling its Austrian unit to a specially formed consortium for €803 million.
Cellnex has also sold its private networks unit – primarily made up of Finnish subsidiary Edzcom – to Boldyn Networks for an undisclosed sum.
Cellnex’s sprawling tower portfolio, which includes over 138,000 towers in 12 countries, accounts for over 80% of the company’s revenue.
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