NKF advises Cellnex on acquisition

Sunrise Communications and a consortium led by Cellnex Telecom reached an agreement regarding the sale of Swiss Towers AG which owns 2,239 telecom towers in Switzerland.

Under the transaction the Consortium will acquire Swiss Tower for a total consideration of €430m free of cash. Niederer Kraft & Frey acted as legal adviser to the Consortium.

The NKF team was led by M&A partner Philippe Weber and Technology partner András Gurovits acting as deputy and covered in particular the following areas:

  • M&A: Philippe Weber, Moritz Maurer, Julia Tolstova, Alex Attinger
  • Telecom (including MSA): Andras Gurovits, Maxim Eifinger, Rune Müller
  • Financing: Marco Häusermann, Christine Hohl
  • Anti-trust: Andras Gurovits, Nicolas Birkhäuser, Lukas Fahrländer