Stonepeak snaps up 49% of Cellnex’s subsidiaries in Sweden and Denmark

Investment firm Stonepeak has reached am agreement with towerco Cellnex to acquire a 49% interest in Cellnex Sweden and Cellnex Denmark for €730 million.
Cellnex will continue to manage the day-to-day business of Cellnex Nordics, we’re told. Cellnex Nordics, which the operations in Sweeden and Denmark are conglomerated as, operates 4,557 sites, and holds commitments and options to build around 2,500 more in the region.
The deal will have to go through regulatory approvals next, but is