Spain’s Cellnex signs accord with BT for rights to 220 telecom towers

MADRID: Spain’s Cellnex said on Wednesday it had agreed to acquire the marketing and operating rights of 220 BT high towers in Britain for a period of 20 years, the latest step in its plan to expand in the sector.

The deal comes just a month after French tycoon Xavier Niel agreed a 2.7 billion euro ($3 billion) deal to sell mobile towers in France, Italy and Switzerland to the Spanish phone towers company.

The agreement with BT is worth around 100 million pounds ($127 million), and includes a commitment to explore further opportunities between the two companies in Britain, Cellnex said in a statement.