Cellnex sells French data center arm Towerlink France for €391 million
Cellnex (CLNX.MC), Europe’s largest mobile tower operator, announced on Friday that it has agreed to sell its French data center unit, Towerlink France, to Vauban Infra Fibre for €391 million ($458 million).
The Spanish company said the deal, made through its French subsidiary, will be fully settled in cash upon completion. The transaction covers 99.99% of Towerlink France’s share capital.
The sale marks another key step in Cellnex’s strategic shift from aggressive acquisitions toward strengthening its balance sheet and focusing on its core telecom infrastructure business.
In September, Reuters reported that Cellnex had been in talks with advisers to divest its French data center operations as part of broader restructuring efforts. Towerlink France operates the company’s main data center activities in the country.
The move follows a string of recent asset sales aimed at reducing debt and improving liquidity. Earlier this year, Cellnex sold its Austrian operations for €803 million and its Irish business for €971 million, freeing up significant capital.
Analysts say the divestments reflect a pragmatic approach by the company to consolidate around its core telecommunications tower business, which remains highly profitable amid Europe’s accelerating 5G rollout.