Askume, LONDON, Sept 20 – Spain’s Cellnex (CLNX.MC) is considering selling its data centre unit in France, two people familiar with the matter said on the 20th, a deal that could value the business at hundreds of millions of euros.
Europe’s biggest mobile phone tower company is in talks with advisers about a possible sale as part of a strategy to focus on its core business and strengthen its financial position through acquisitions, people familiar with the matter said.
Cellnex declined to comment.
Specific revenue figures for Cellnex’s French data center division have not yet been disclosed. However, in the first half of this year, France became Cellnex’s largest market in terms of revenue, contributing 399 million euros, or 21% of the group’s total revenue.
In March, the company announced its intention to focus on four business lines including towers, fibre, connectivity and housing services, broadcast and DAS and small cells. The tower business currently accounts for over 80% of the company’s total revenue.
Earlier this year, Cellnex sold its Austrian business for an enterprise value of €803 million and its Irish subsidiary for €971 million.
