Spain’s Cellnex has agreed to sell its 99.99% stake in Towerlink France to Vauban Infra Fibre for €391 million, with the deal to be paid in full on the closing date, the company announced on Friday. The transaction was executed through the French subsidiary of Cellnex, Europe’s largest operator of mobile phone towers.
The move marks another step in Cellnex’s shift away from non-core operations as it focuses on strengthening its balance sheet. In September, Reuters reported that the company was weighing the sale of its French data centre operations as part of a broader strategic refocus. Towerlink France currently oversees Cellnex’s main data centre assets in the country.
Cellnex has been streamlining its portfolio in recent months, having already sold its Austrian business for €803 million and its Irish unit for €971 million earlier this year. The latest deal reinforces the company’s pivot from an aggressive acquisition phase to a period of consolidation and financial optimisation.
The sale proceeds are expected to support the company’s efforts to reduce debt while it doubles down on its core telecom tower infrastructure business. The transaction comes amid wider industry pressure for telecom infrastructure firms to improve cash flow and investment discipline