Singapore's GIC buys additional 2.5% stake in European tower operator Cellnex for $638m

Singapore's GIC buys additional 2.5% stake in European tower operator Cellnex for $638m

Photo: Reuters

Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from Edizione, the Benetton family’s investment firm, Edizione said on Friday evening.