Under the deal, Vauban Infra Fibre will acquire Cellnex’s 99.99% stake in Towerlink France, the entity that manages the company’s edge and regional data centre assets in France.

The transaction, payable entirely in cash upon completion, follows a series of divestments as the Spanish tower operator focuses on its core mobile infrastructure business.

Cellnex, Europe’s largest independent tower company, has been realigning its portfolio since 2023 to reduce debt and concentrate on tower and fibre network operations.

The sale of Towerlink France comes after similar exits from non-core markets including Ireland and Austria, where Cellnex sold assets for €971 million and €803 million respectively.

The French business forms part of Cellnex’s wider footprint in the country, where it also operates a significant tower portfolio and fibre connectivity infrastructure. France accounted for roughly 21% of Cellnex’s total revenue in the first half of 2024, underlining the market’s strategic importance.

For Vauban Infra Fibre, a European infrastructure investor specialising in digital assets, the acquisition strengthens its position in France’s growing edge data centre segment. With data demand surging across Europe, the new owner is expected to expand Towerlink France’s capabilities to support low-latency and AI-driven workloads.

While financial details of Towerlink’s performance were not disclosed, the transaction highlights continued investor appetite for digital infrastructure assets, particularly those enabling 5G and cloud-based applications.

The deal is subject to customary regulatory approvals and is expected to close in the coming months.

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