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Abertis Infraestructuras SA Reaches Agreement With Telefonica SA and Yoigo On Acquisition Of Mobile Telephone Towers

Thursday, 1 Aug 2013 08:26am EDT 

Abertis Infraestructuras SA (Abertis) announced that it has reached an agreement with Telefonica SA and Yoigo for the acquisition in several phases of a minimum package of 4,227 mobile telephone towers for EUR 385 million. Under the agreement, which is expected to be carried out over the final quarter of 2013, Abertis will acquire these operators' passive structures, while structures that cannot be optimized will be dismantled. The transaction will entail a contribution to Abertis of EUR 50 million per year in EBITDA, having finished the different phases of the project. Following the transaction, Telefonica SA's and Yoigo's equipment will be co-located on these mobile telephone towers and both will be clients of this towers set in coming years. As well, the infrastructures are expected to be offered to all the operators that may be interested on them.