News | 17 October 2025

BBVA advises Cellnex in the put option agreement for the sale of its French edge data centre platform

BBVA CIB has acted as financial advisor to Cellnex in the put option agreement for the sale of Towerlink, its urban edge data centre platform in France, to the infrastructure fund Vauban Infra Fibre for €391 million. This cross-border transaction reinforces BBVA’s leadership in M&A advisory in the TMT sector across its key markets.






As part of its strategy, Cellnex has entered into a put option agreement to divest 99.99% of Towerlink, the entity responsible for the Group’s main urban data centre operations in France, for a total consideration of €391 million. The buyer, Vauban Infra Fibre, is a French fund specialising in digital infrastructure.


This contemplated divestment aligns with Cellnex’s strategic roadmap and will allow the Group to continue focusing on its core areas of activity.


Vauban Infra Fibre is a French company backed by funds managed by Vauban Infrastructure Partners, Crédit Agricole Assurances and Raffles, a GIC subsidiary. It has a strong presence across multiple sites in France, many of which are already operational.


The transaction highlights the close relationship between BBVA and Cellnex, marking their second joint deal so far this year. It also underlines BBVA’s capabilities in structuring complex, high value-added transactions in the digital infrastructure space, with a particular focus on data centres, telecommunications, and cross-border operations.


“At BBVA, we are committed to supporting companies at every stage of their growth, providing financial solutions tailored to each moment. This transaction reflects both our deep sector expertise in TMT, particularly in data centres, and our ability to structure complex cross-border deals, delivering real impact on our clients’ expansion strategies,” said Manuel Franch, Global Sector Co-Head of TMT at BBVA CIB.


With this strategic transaction, BBVA further strengthens its position as a leading M&A advisor in TMT and Infrastructure across its core geographies, following its involvement in some of the sector’s most significant deals. BBVA Corporate & Investment Banking’s differentiated M&A execution capabilities have been key to the successful completion of this transaction, consolidating the bank’s position as a trusted advisor in high-profile deals across the industry.