Cellnex fuels £2bn Arqiva deal with rights issue

By Sam Kerr
08 Oct 2019

Cellnex, the Spanish wireless telecommunications company, has agreed a deal to acquire the telecoms division of Arqiva for £2bn and is undertaking a €2.5bn rights issue to help fund the transaction.

Goldman Sachs, JP Morgan and Morgan Stanley are global co-ordinators on the fully underwritten rights issue. Banca Imi, Santander, BNP Paribas, CaixaBank, Citi, Deutsche Bank, HSBC and MedioBanca are bookrunners.

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