The Spanish infrastructure company Cellnex says there’s a “massive opportunity” in the European transmission tower business.
Funded by an increase in its share capital, the Spanish financial daily Expansión reports that its first target is the French company TDF. It’s anticipated the firm can be secured for €3,000 million plus €2,000 million debt.
TDF has approximately 13,900 sites, of which about half are television and the rest of mobile communications.
47% of its business comes from telecommunications, 26% from TV and 17% from radio.
TDF is currently working on the shift of the 14-year old network to DVB-T2. Trials of Ultra High Definition are underway with a view to migrating to high definition transmissions by 2023, ahead of the Paris Olympics one year later.
