Cellnex adds Switzerland to European tower crusade with Sunrise purchase

Telecoms infrastructure company Cellnex has bought 2,239 towers in Switzerland from Sunrise, as part of an investment consortium.
Sunrise is apparently strapped for cash so it packaged up its towers into a company called, appropriately enough, Swiss Towers AG, and flogged it to a consortium headed up by Cellnex. Swiss Life Asset Managers and Deutsche Telekom Capital Partners are minority partners in the deal, which cost them €430 million.
Cellnex was spun out of Spanish infrastructure compa