VdA's legal assistance involved not only coordinating the due diligence process, financing the transaction and obtaining approval from the Competition Authority, but also preparing and negotiating the contracts aimed at establishing a long-term relationship between the parties, reflecting the specific aspects of high complexity that characterised this transaction.

The transaction involved a large VdA team led by Maria Cunha Matos on the M&A side, and DD conducted under the coordination of Maria Leonor Piconez. In the ICT component, the team was led by Tiago Bessa, with the contribution of Isabel Ornelas and David Paula. The Banking & Finance team was coordinated by Orlando Guiné, as far as funding is concerned, also counting on David Topete, and in the real estate component Pedro Pereira Coutinho and Sara Mendonça were involved. Nuno Ruiz and Cláudia Coutinho da Costa, from the Competition & EU team, were also closely involved throughout the process. 

Cellnex is Europe's leading telecommunications and broadcasting infrastructure operator with around 58,000 sites in Europe. As part of its progressive growth strategy, this transaction has strengthened Cellnex's presence in Portugal, which already has a portfolio of around 3,000 sites in Portugal. The sites included in the transaction announced today are strategically located throughout the country, and the transaction's perimeter is expected to expand by a further 400 sites over the next 6 years.