AZ Capital advised Cellnex on the agreement reached with Bouygues Telecom

The project involves the construction of up to 88 telecommunication towers over the next 5 years. Such deployment is expected to be carried out until 2024, with the execution expected to be primarily backloaded.
The agreement involves a total cost of up to €250 MM and is expected to generate an annual Adjusted EBITDA of approximately €19 MM on a run rate basis once all assets have been built.

Bouygues Telecom will be the main customer of these assets, with whom Cellnex has signed a Master Service Agreement with the same characteristics in terms of renewals and indexation as the existing one.

AZ Capital

Advised in the sale of

Bouygues (project for 88 telecommunication towers)



MidCap Alliance