The Irish Competition and Consumer Protection Commission (CCPC) has cleared the way for Phoenix Tower International to acquire Cellnex’s Irish operations. The acquisition was first announced in March last year, when the US-based Phoenix agreed to pay €971m for Barcelona-headquartered Cellnex’s telecoms infrastructure business in Ireland. The competition watchdog noted that the merger “will not substantially lessen competition”, and has ultimately allowed the deal to go ahead. Cellnex began operating in Ireland after it acquired telecoms infrastructure company Cignal for €210m in 2019, while Phoenix first entered the Irish market in 2020 when it acquired Eir’s passive infrastructure portfolio. Both businesses operate passive telecoms infrastructure, with Phoenix owning approximately 25,000 wireless infrastructure sites across Latin America, the Caribbean, Europe and the US.