AZ Capital acted as advisor to Cellnex Telecom S.A., in the acquisition of NOS Towering from NOS Mobile

Cellnex has reached an agreement with the Portuguese mobile operator NOS for the acquisition of 100% of NOS Towering. The transaction initially involves c.2,000 telecommunications sites. This is a portfolio of telecommunication towers and rooftop antennas, located in urban (40%), suburban and rural (60%) areas throughout the country. The transaction represents an initial payment of c. EUR 375m (EV), in addition to expansion Capex of up to c. EUR 175m related to perimeter increase (up to 400 new sites, including a Build-to-Suit program) and other agreed initiatives over the next 6 years.

AZ Capital

Advised in the sale of

NOS Towering (part of NOS Mobile)


Cellnex Telecom S.A.

Technology, Media, and Telecom

MidCap Alliance