Orange to sell mobile antennas in Spain
France’s Orange is reportedly looking to sell approximately 9,400 mobile antennas in Spain, as it attempts to cut costs.
A source familiar with the situation told Reuters that the group wants to sell the infrastructure in a bid to boost profitability as the sector consolidates.
“Several infrastructure management firms are being sounded out to see how much interest there is in the market, although it still has to be decided if the deal will go ahead or not,” the source said.
The antennas have an estimated price tag of €885 million, based on the price paid by infrastructure operator Abertis for similar assets from Telefónica in 2013.
Similar to a trend sweeping the African continent, the antennas are expected to be sold and then leased back to Orange, as well as other operators.