cellnex

Cellnex To Increase Capital By €4 Bn To Finance New Acquisitions

The rumor has been confirmed. Cellnex has announced a capital increase of 4 billion euros, 18.5% of its current market cap, which will put into circulation 101.4 million shares, which means 26.3% of the current shares at an issue price of 39.45 euros. The purpose of the capital hike is to finance the group’s expansion via acquisitions. According to the company’s press release, it is looking at assets worth up to 11 billion euros to invest in within the next 18 months.


Cellnex buys El Corte Inglés' antenna business for € 70M

Cellnex Bets On Inorganic Growth: Considers Buying 28,000 Towers From Hutchinson

Cellnex would be studying taking a minority stake in the European telecommunication tower network CK Hutchison, which is valued at about $10 billion, according to Bloomberg.  This has been linked to news about Cellnex potentially making a €3 billion capital increase to raise funds for a large operation. The acquisition of a minority stake in a telco tower business would imply a deviation from Cellnex’s growth strategy up to now, as it has focused on buying complete networks. 


Cellnex Accumulates A 20% Increase In Value Despite The Coronavirus

Cellnex buys 100% of Portuguese company NOS’ tower operator. The transaction involves nearly 2,000 sites, with an initial investment of around 375 million euros. But Cellnex has agreed to earmark a further 175 million euros to expand the perimeter by up to 400 more towers over a period of 6 years.




Cellnex ends the year succesfully with a new purchase from Orange

Cellnex Ends The Year Succesfully With A New Purchase, This Time From Orange

Cellnex has reached an agreement with Orange Spain to acquire a portfolio of 1,500 telecommunications sites, which means 11% of the current Cellnex portfolio in Spain, and 4% of the total portfolio of towers and antennas located in urban, suburban and rural areas. The operation involves an overall investment of € 260 M. The acquisition will be financed through available cash.



Cellnex buys El Corte Inglés' antenna business for € 70M

Cellnex: lower capital costs 4.8%-4.9% (from 5.2%-5.6%)

Santander Corporate &Investment | We have adjusted our estimates (including its recent acquisition of Cignal in our forecasts). Nevertheless, the main novelty is the modification of our suppositions on the cost of capital to take into account the current interest rate scenario.


Cellnex shows capacity to diversify its sources of financing

Renta4 | Cellnex announced an issue of senior bonds convertible into shares of 700 Mn€, extendible to an additional 150 Mn€. It will be exclusive for institutional investors, will mature on 5 July 2028 with a coupon of 0.5% and a repurchase value on maturing of between 103.74% and 108.58%, which means a performance at maturity between 0.9% and 1.4%, below the average current price of the company of 2.2%.


Cellnex buys El Corte Inglés' antenna business for € 70M

Cellnex records +11% growth in Q1 2019

Spanish Cellnex Telecom has presented its 20191Q results. Revenue amounted to € 241 million (+11%) and EBITDA was € 159 million (+11%). The net result closed neutral at € 0 million compared to losses of 37 million in the first quarter of 2018, according to the firm.