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Abertis Infraestructuras S.A. : 04/02/2012 abertis enters the mobile communications infrastructure market with the purchase of 500 towers from Telefónica

04/02/2012 | 05:14am US/Eastern

abertis enters the mobile communications infrastructure market with the purchase of 500 towers from Telefónica

abertis has reached an agreement with Telefónica to purchase 500 mobile telephone towers for an initial amount of 45 million euros. The agreement, which could be expanded to include up to 1000 towers before the end of 2012, means the entry of abertis in the mobile communications infrastructure  management market.

Telefónica España will be the main client of this collection of towers for the next few years, although it is planned to offer the infrastructure to other operators that could share the services they offer.

The purchase of these high quality installations, situated in rural areas all over Spain, add to the more than 3,300 sites that abertis already owns, giving it greater capillarity. This is a highly important feature in the future deployment of new frequencies derived from the latest auction of public airwaves.

The incorporation of these 500 towers will also contribute to the Group's consolidation as a key actor in the rationalisation of the use of land and mobile telecommunications infrastructures in Spain. The operation will also enable the development of new business opportunities for sharing infrastructures, something necessary due to the deployment of fourth generation mobile telephony.

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This press release was issued by Abertis Infraestructuras SA and was initially posted at lang/en/idm/487/idc/4146 . It was distributed, unedited and unaltered, by noodls on 2012-04-02 10:47:43 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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