Link Securities | The European leader in telecommunications towers – which has more than 110,000 mobile antenna sites across 10 European countries – is negotiating partnerships with defence companies to use its sites as part of an anti-drone surveillance alert network, according to its CEO, Marco Patuano, at a media briefing ahead of the group’s annual general meeting. The executive explained that the profile of a potential drone attack has…

Norbolsa | Cellnex is in talks to sell its 72% stake in its Swiss subsidiary to the investment arm of Manulife (a Canadian insurer), having put the sale on hold last year due to offers being too low. The Swiss unit is valued at around €2 billion, although negotiations are still ongoing and there is no guarantee that a deal will be finalised. This potential move forms part of Cellnex’s…

Alphavalue/Divacons | Blackrock has strengthened its position in Cellnex (CLNX) after increasing its stake to 5.002%, its highest level since July last year. According to information submitted to the National Securities Market Commission (CNMV), the world’s largest asset manager now controls 4.771% of the voting rights indirectly and an additional 0.231% through financial instruments. Cellnex: Buy, Target Price €21.8 per share.

Deutsche Bank | Our sector outlook recognises that the share price performance of Cellnex (and Italy’s INWIT) will depend on thematic consolidation in telecommunications in general. Although we remain confident in the short-term strength of MSAs, the market continues to seek reassurance despite examples in Spain and the UK of strengthened contracts. The slowdown in the company’s revenue growth has been a setback, but this is due to a high…

Link Securities | Cellnex Finance, a wholly owned subsidiary of Cellnex, yesterday successfully completed the pricing of two series of euro-denominated bonds, intended for qualified investors, under its Euro Medium Term Note Programme (EMTN Programme) and guaranteed by Cellnex: I. Series A: for a total nominal amount of €750 million, maturing on 19 January 2031, which will accrue a coupon of 3.000% payable annually and will be issued at a…

Link Securities | Cellnex (CLNX) CEO Marco Patuano said in an interview with Expansión newspaper that his company plans to invest between €2.5 billion and €3 billion in the coming years in the purchase of land where its towers are located. Last year, the company created Celland, a subsidiary specialising in this type of business. Patuano also identified defence, densification, transport and energy as the central pillars of growth in…

Link Securities | The Board of Directors of Cellnex (CLNX), based on the authorisation granted by the General Shareholders’ Meeting held on 9 May 2025, agreed on Thursday to distribute part of the share premium reserve amounting to €500,000,000. This amount will be paid in two instalments: €250,000,000 in January 2026 and €250,000,000 in July 2026. The gross amount per share, as well as the detailed schedule (ex-dividend date, record…