The proposed deal will see Cellnex buy all of CK Hutchison’s UK passive infrastructure assets in an £8.6bn deal that also involves assets in several other European countries.
The telecoms towers are primarily used by wireless communication network providers to host their electronic equipment to in order to operate their networks.
At present, Cellnex is one of only two large independent suppliers of passive infrastructure in the UK; it gained a market-leading position last year after it acquired the telecommunications division of Arqiva.
The only other supplier with a similar presence is Cornerstone Telecommunications Infrastructure Limited (CTIL), a joint venture between O2 and Vodafone that was originally set up to provide services for its parent companies but became an independent supplier in early 2021.
In May, the CMA launched an inquiry into the Cellnex deal and referred it to an in-depth probe by an independent inquiry group in July. Two months...