Cellnex Telecom SA is considering bidding for a stake in CK Hutchison Holdings Ltd.’s European wireless tower business, according to people familiar with the matter, as it scouts for new acquisitions.
Europe’s largest wireless tower operator is in early-stage discussions about acquiring a minority holding in the CK Hutchison portfolio, the people said, asking not to be identified as the matter is private. If deliberations lead to a deal, it could value the unit at as much as 10 billion euros ($11.3 billion), according to the people.
