Competition watchdog clears sale of tower operator Cellnex to US company

Competition and Consumer Protection Commission had determined investigation was required to establish if the proposed transaction would lead to a substantial lessening of competition in the State

To allow the acquisition to proceed, the CCPC has secured commitments from Phoenix that include the divestment of sites in areas where the acquisition would reduce the number of competitors from three to two or from two to one. Picture: Larry Cummins

The €971m acquisition of Spanish firm Cellnex's Irish operations by US company Phoneix has been cleared by the State's competition watchdog.

The proposed acquisition of the mobile phone and data mast operator Cellnex Ireland Limited and Cignal Infrastructure Limited by Phoenix Tower International Holdco was announced a year ago.