Spain's Cellnex sells 1100 UK phone towers to meet watchdog conditions - Reuters

MADRID, Oct 24 (Reuters) - Spain's Cellnex (CLNX.MC) volition transportation a bundle of 1,100 sites successful the United Kingdom to British telecoms infrastructure relation Wireless Infrastructure Group (WIG), the Spanish mobile telephone operation institution said connected Monday.

The deal, fiscal details of which were not disclosed, comes arsenic portion of Cellnex's bid to adjacent the acquisition of Hong Kong-based CK Hutchison's (0001.HK) British assets.

British contention watchdog CMA had acceptable the merchantability of astatine slightest 1,000 Cellnex towers successful the UK arsenic a information to o.k. the acquisition plans.

The transaction with CK Hutchison is present expected to adjacent successful mid-November, Cellnex said successful a statement.

Reporting by David Latona Editing by David Goodman

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