Cellnex

European economy 31st May 2022

Cellnex negotiates joint bid with Brookfield for Deutsche Telekom towers

Bankinter | Cellnex is negotiating an agreement with Brookfield Asset Management to make a joint bid for Deutsche Telekom’s telecommunications towers affiliate. The deal consists of a group of 40.600 towers in Germany and Austria, worth close to 20 billion euros. The process for lodging bids has already started and will extend over the coming weeks. Bankinter analyst team’s opinion: We foresee the news having a neutral impact on the…

Spanish economy 19th May 2022

Cellnex most likely candidate to buy Deutsche Telekom’s towers (51%; DT would hold on to a minority stake of 49%)

Norbolsa | The process for the sale of Deutsche Telekom (DT)’s towers was updated ahead of the possibility that Vantage Towers and AMT are excluded before they lodge their bids. The reason behand the recent news has to do with the significant regulatory challenges which both companies would have to face consolidating the towers in the German market. DT owns approximately 50% of the total of towers in Germany, while…

European economy 4th March 2022

Cellnex will have to sell 1,000 towers to satisfy UK regulator

Renta 4 | 1-. The UK Competition regulator, the CMA, has given the green light to Cellnex’s purchase of 6,000 towers from Hutchinson in the region. The deal is subject to the Spanish firm’s sale of 1,000 sites which overlap geographically with those of Hutchinson. 2-. From what we can glean from the communication, the 1,000 sites which will be subject to being sold off correspond to part of the…

European economy 22nd November 2021

Cellnex could encounter an important growth opportunity in the possible alliance of the big European operators to share networks

Renta 4 |The five main European telecommunication operators ((Telefónica, Orange, Vodafone, Deutsche Telekom and Telecom Italia) would be trying to establish an alliance which would allow the sharing of the open radio access network (Open RAN). This is an architecture which prioritises the interoperability of infrastructures allowing for the development of more efficient mobile communications. In a report, the operators given five recommendations for this development: these include guaranteeing political…

Spanish economy 12th July 2021

Cellnex Buys Poland’s Polkomtel For €1.6 Billion

Cellnex has closed the purchase of 99.99% of Polkomtel Infrastruktura, the Polish telecommunications infrastructure subsidiary of Cyfrowy Polsat. The investment is for €1.6 Bn, which will go with an additional deployment programme of up to 1,500 sites.Cellnex, which with this transaction makes Poland one of its main markets, will invest a further €600 M over the next 10 years in active equipment, mostly for 5G deployment.

Spanish economy 23rd April 2021

Singapore’s Sovereign Wealth Fund Replaces The Benettons As Cellnex’s Largest Shareholder

T.C. | Cellnex (CLNX) has closed its €7 billion capital increase without difficulties. This is the company’s fourth capital increase in two years. Since February 2019. Cellnex has raised €14.7 billion in capital on the market and is, after the capital increase, the fourth largest company in the Spanish market. The Benettons did not take part in this new capital increase – which was made at a discount of 17% – and have sold their rights, reducing their stake from 13.5% to 8.5%. On the other hand, the sovereign wealth fund of Singapore, which bought 2.5% of the capital from the Benettons, became the largest shareholder with 9.23%.

Ibex, Markets, Spanish economy 13th January 2021

Telefonica Sells Telxius Towers To American Tower For €7.7 Bn In Cash. Is This A Threat For Cellnex?

Renta 4 | Telefónica announced today that it has signed an agreement with American Tower to sell Telxius’ tower business in Europe (Spain, Germany) and LatAm (Brazil, Peru, Chile and Argentina). The price of the deal is 7.7 billion euros, payable in cash. It includes the sale of some 30,722 sites to be carried out in two separate operations. Although American Tower still has little exposure in Europe (some 30,000 towers after the Telxius purchase), it represents the main threat to the leadership position of another Spanish company, Cellnex, with over 103.000 sites

Ibex, Markets 24th July 2020

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

Ibex, Markets 15th July 2020

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.

Ibex, Markets 16th April 2020

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.

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