NEWS

Salt Sells Phone Towers to Cellnex for €0.7 Billion

May 13, 2019

London – Paul Hastings LLP, a leading global law firm, announced today that it has advised Salt Mobile SA, on the sale of a 90% equity interest in the company owning Salt’s passive mobile infrastructure in Switzerland – “Salt TowerCo” – for a cash consideration of CHF 0.8 billion (€0.7 billion equivalent), to Spanish tower operator Cellnex Telecom SA.

Please see Salt’s official company announcement here.

The Paul Hastings team advising Salt was led by London corporate partner Garrett Hayes with partner Matthew Poxon and associate Sam Waite. Paris partner Pierre Kirch advised on antitrust issues. Vincent Le Stradic at Lazard advised Salt on the transaction.

Paul Hastings has advised NJJ‑controlled companies on several other major deals, including the acquisition of a majority stake in Monaco Telecom, the acquisition of eir, the Irish telecommunications and broadband business, by a consortium including of NJJ Telecom Europe and Iliad and Monaco Telecom’s acquisition of MTN Cyprus.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.