Aetha carried out commercial due diligence of Cellnex Poland’s tower and RAN assets ahead of a proposed partial stake sale.
Cellnex Poland owned the passive assets (towers) of Play and the passive and active assets of Plus.
Our work focused on assessing the sellers’ tower build forecast, RANco business case, tenancy forecast and unit costs.
We also provided benchmarks and analysis of the market context, regulatory environment and potential for the anchor tenants to churn from the proposed RANco.
