Cellnex has completed the sale of its Austrian unit to a consortium comprised of Vauban Infrastructure Partners, EDF Invest, and MEAG for €803 million ($834m).

The deal, which was agreed back in August, was confirmed by Cellnex this week.

The sale brings an end to Cellnex's presence in Austria after it entered the market in 2021, when it snapped up CK Hutchison's sites in the country.

That particular deal also included assets in five other European countries, including Denmark, Ireland, Italy, Sweden, and the UK.

"The closing of the sale of our Austrian business will allow us to further consolidate, simplify, and focus our efforts on growth opportunities in the main markets in which we operate, as well as on the balance sheet and the acceleration of shareholder remuneration, thus fulfilling our commitments to the market," said Marco Patuano, CEO of Cellnex.

Cellnex operated around 4,600 tower sites in Austria.

Cellnex has sold a number of assets in the last 12 months. In March, it agreed to sell its Irish unit to Phoenix Tower International (PTI) for €971m ($1.09bn). That deal is currently being probed by Irish regulators.

The company was also linked with a sale of its Polish business operations earlier this year, in a deal valuing the assets at €3 billion ($3.12bn) excluding debt. Cellnex was also reported to be interested in a sale of its French data center unit in September.

Last year, Cellnex agreed to sell a 49 percent stake in its Sweden and Denmark subsidiaries to Stonepeak for €730 million ($759m).

Cellnex currently manages a portfolio of more than 138,000 sites – including planned roll-outs up to 2030 – in 12 European countries.

Earlier this month, MEAG invested in Vantage's EMEA data center platform, with funding specifically going towards four data centers in the DACH region.