Cellnex Enters Poland With $950 Million Iliad Tower Deal (2)

Cellnex Telecom SA, the Spanish telecommunications tower operator, has agreed to pay Iliad SA 804 million euros ($950 million) to acquire masts in Poland.

Cellnex will purchase a 60% stake in a portfolio of 7,000 towers in a deal with Iliad and Poland’s Play Communications, according to separate filings from Cellnex and Iliad Friday. The towers currently belong to Play Communications, which is in the process of being acquired by Iliad.

The deal follows Cellnex’s entry into Portugal earlier this year, and would mark the Barcelona-based operator’s ninth market. In July, the company, which has grown aggressively through takeovers ...