SPAIN’S CELLNEX IN MAJOR TELECOM TOWERS MOVE

Spanish mobile phone mast operator Cellnex unveiled its biggest purchase to date on Thursday with a deal to buy 24,600 telecom towers across Europe from Hong Kong’s CK Hutchison for $11.81 billion (8.96 billion pounds). Cellnex expects to boost its annual revenues by around 1.2 billion euros through the deal, under which it also plans a further investment of up to 1.4 billion euros on as many as 5,250 new sites. SOURCE: Reuters

TATA SALE DEAL EXPECTED FRIDAY

Tata Steel is likely to finalise sale of its European business this week. According to sources, Swedish firm SSAB is the front runner to buy the company’s European business. SOURCE: cnbc

BOLT MOVES WITH E-SCOOTERS

Estonia-based ride-hailing service Bolt said on Thursday it would invest over 100 million euros ($118 million) in 2021 to become the largest e-scooter rental firm in Europe, at a time when cab services have been severely hit by the COVID-19 pandemic. The Uber Inc rival said it aims to bring 130,000 scooters to more than 100 cities next year, expanding aggressively across the continent. SOURCE: Reuters

JAMESTOWN INVESTS IN COLOGNE

Global real estate company Jamestown has announced the acquisition of three historic office buildings in the up-and-coming Mülheim area of Cologne – the city that is home to Jamestown’s European headquarters. The acquisition marks the firm’s first-ever acquisition in Germany, and its second in Europe in less than a year. Formerly an industrial neighborhood, Mülheim has, over the past decade, become a thriving area of redevelopment that attracts companies seeking creative spaces. SOURCE: citybizlist.com