Salt sells majority of passive mobile infrastructure to Cellnex

On May 7, 2019, Salt announced that it has signed a binding agreement to sell 90% of the equity interest in Swiss Infra Services SA, a company owning Salt's passive mobile infrastructure in Switzerland to Cellnex for an upfront cash consideration of CHF 0.8 billion. Closing occurred on August 5, 2019.
 
The transaction was preceded by a restructuring of Salt's Swiss passive mobile infrastructure through a merger and a subsequent spin-off in Switzerland.
 
Lenz & Staehelin advised Salt on all Swiss aspects of this transaction. Paul Hastings acted as international legal advisor to Matterhorn Telecom.