Spain’s Cellnex (CLNX.MC) said on Friday it has signed a put option agreement to sell Towerlink France, its French data center subsidiary, to Vauban Infra Fibre for €391 million ($458 million).
The deal, to be paid fully in cash at closing, involves 99.99% of Towerlink France’s share capital and aligns with Cellnex’s ongoing plan to streamline operations and refocus on its core tower business.
The sale comes as the Barcelona-based infrastructure giant shifts from years of expansion through acquisitions to a strategy focused on debt reduction and financial consolidation.
In September, reports indicated Cellnex was exploring a sale of its French data center division to sharpen its focus on telecom infrastructure. Towerlink France currently oversees Cellnex’s main French data center operations.
This divestment follows the company’s earlier asset sales — including its Austrian unit for €803 million and Irish business for €971 million — as part of its capital recycling program.
The move highlights Cellnex’s broader pivot toward improving cash flow and shareholder returns amid rising financing costs in Europe.
