Li Ka-shing’s CK Hutchison poised to sell European cell tower business to Barcelona-based Cellnex in US$11.7 billion deal

//Li Ka-shing’s CK Hutchison poised to sell European cell tower business to Barcelona-based Cellnex in US$11.7 billion deal

Li Ka-shing’s CK Hutchison poised to sell European cell tower business to Barcelona-based Cellnex in US$11.7 billion deal

Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings is poised to sell its European wireless towers business to Spanish mobile towers operator Cellnex Telecom for €10 billion (US$11.7 billion).The company, which is run by Li’s son Victor Li Tzar-kuoi, was in advanced talks to sell 29,100 tower sites in the United Kingdom, Italy, Sweden, Denmark, Austria and Ireland, it said in a filing to the Hong Kong stock exchange on Wednesday.CK Hutchison, which has businesses in retail, logistics and…

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By | 2020-11-04T23:00:15+00:00 November 4th, 2020|Business|Comments Off on Li Ka-shing’s CK Hutchison poised to sell European cell tower business to Barcelona-based Cellnex in US$11.7 billion deal