Cellnex Sets Sights on Swiss Exit with $2.2bn Sale

Cellnex is reportedly in discussions to divest its Swiss operations valued at $2.2 billion, a strategic move aiming to capitalize on Switzerland's lucrative telecom market characterized by high Average Revenue Per User (ARPU). A full exit from Switzerland would represent a 5% divestment of Cellnex's total tower assets. The company owns 5,573 sites in Switzerland but is expected to shed non-core assets as part of its financial strategy to reduce debt, which stood at EUR18.2 billion in 2024. Given Switzerland's high ARPUs and the elevated site rental revenues, there is likely to be significant interest from various buyers within the telecom and digital infrastructure sectors, including independent tower companies and data center firms looking to leverage existing telecom infrastructure like towers, fibre, and Edge Points of Presence. As Cellnex continues to pursue cash-generative divestments to manage its considerable financial debt, the Swiss operation sale emerges as a pivotal opportunity.