International leading law firm Herbert Smith Freehills advises Cellnex, Europe’s leading operator of wireless telecommunications and broadcasting infrastructures, on the agreements relating to the sale of c. 3,200 telecommunications sites in very dense areas in France to Phoenix Tower International, a Blackstone portfolio company.
Phoenix Tower International will acquire from Cellnex 1,226 telecommunications sites in very dense areas in France. In the context of a joint-venture with Bouygues Telecom, Phoenix Tower International will also acquire from Cellnex 2,000 telecommunications sites in very dense areas in France.
These transactions remain subject to the obtaining of regulatory approvals.
The agreements entered into with Phoenix Tower International as well as with its joint venture partner Bouygues Telecom will allow Cellnex to meet the conditions required by the French Competition Authority in connection with the approval of the acquisition of Hivory last October.
Herbert Smith Freehills advises Cellnex with a team led by partner Edouard Thomas assisted by Cyril Boulignat, of counsel, Giuliano Lastrucci, senior associate, and Yasmine Houichi, associate, on corporate aspects; Sergio Sorinas, partner, and Marie Louvet, of counsel, on competition issues; Christophe Lefort, partner, and Thomas Herman, senior associate, on project aspects; Sophie Brézin, partner, and Elisabeth Debrégeas, of counsel, on employment law aspects; Michaël Armandou, partner, and Aïcha Diallo, associate, on financing aspects; Bruno Knadjian, partner, and Sylvain Piémont, senior associate, on tax aspects.