Brief: NOS Says Agreement With Cellnex On Mobile Site Sale Is Executed

Nos SGPS SA

15/12/2022 17:19

Dec 15 (Reuters) - Cellnex Telecom SA  CLNX.MC :
    * AGREEMENT BETWEEN NOS AND CELLNEX ANNOUNCED ON 21 APRIL
2022, IS
NOW DEFINITIVELY EXECUTED
    * COMPLETION OF AGREEMENT COMPRISES THE SALE OF C.300 MOBILE
SITES
AND COULD REACH A TOTAL PERIMETER OF UP TO C.350 MOBILE SITES,
REPRESENTING A PAYMENT OF C.163 MILLION EUROS
    * THIS PAYMENT IS IN ADDITION TO THE C.375 MILLION EUROS
ALREADY
RECEIVED IN 2020 FOR THE SALE OF NOS TOWERING
    * GLOBAL AGREEMENT SIGNED WITH CELLNEX STILL FORESEES THE
TRANSFER
OF ADDITIONAL MOBILE SITES UNTIL 2026
    * ANTICIPATED RUN-RATE IMPACT, AFTER 2026, ON NOS'
PRO-FORMA,
AFTER-TAX, UNLEVERED FREE CASH FLOW, RESULTING FROM SALE OF NOS
TOWERING AND TRANSACTION COMPLETED, IS C.25 MILLION EUROS

Source text: https://bit.ly/3vcGDch
Further company coverage:  CLNX.MC 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))