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Phoenix wins conditional approval in Ireland to buy Cellnex

( February 7, 2025, 08:29 GMT | Official Statement) -- MLex Summary: Phoenix Tower International has won approval to acquire rival telecom infrastructure business Cellnex Ireland and Cignal Infrastructure, the Irish antitrust authority has said. The clearance is tied to the condition that sites are divested in areas where the number of rivals offering hosting services on “macro passive infrastructure” would be reduced from three to two, or from two to one. In November, the Competition and Consumer Protection Commission voiced concerns that the deal could harm competition for “passive infrastructure,” such as towers or masts.Statement follows. ...

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