December 27, 2017 / 6:16 AM / 5 months ago

BRIEF-Masmovil sells mobile sites to Cellnex for 36 mln euros

Dec 27 (Reuters) - MASMOVIL IBERCOM SA:

* SAID ON TUESDAY AGREED TO SELL PASSIVE INFRASTRUCTURE IN 551 MOBILE TELECOM SITES TO CELLNEX FOR ABOUT 36 MILLION EUROS

* SALE HAS NOT IMPLIED RELEVANT CAPITAL GAIN, ALLOWS SLIGHT REDUCTION IN OPEX FROM INTERNAL MANAGEMENT OF SITES

* AGREEMENT IS PART OF ONGOING MOBILE NETWORK EFFICIENCY AND RATIONALIZATION PROCESS AND ASSET ROTATION POLICY

Source text for Eikon: ,

Further company coverage: (Gdynia Newsroom)

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