CLLNY - Cellnex Telecom, S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
23.00
0.00 (0.00%)
At close: 11:03AM EST
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Previous Close23.00
Open23.00
BidN/A x N/A
AskN/A x N/A
Day's Range23.00 - 23.00
52 Week Range12.94 - 23.00
Volume6
Avg. Volume0
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Cellnex Starts 2020 With Deal to Buy Towers From Morgan Stanley
    Bloomberg

    Cellnex Starts 2020 With Deal to Buy Towers From Morgan Stanley

    (Bloomberg) -- Cellnex Telecom SA, the Spanish tower operator that has announced about 7 billion euros ($7.8 billion) of acquisitions since going public in 2015, is making its first deal of the year with the purchase of assets in Portugal.Cellnex, based in Barcelona, will acquire all of the towers held in a joint venture between Altice Europe NV, Morgan Stanley and Horizon Equity Partners, according to a filing Thursday. The venture, known as OMTEL, operates 3,000 sites across Portugal.The deal will be paid for in cash and has an enterprise value of 800 million euros, according to the statement. The assets, including the rollout of 400 sites over the next four years, will add 2.5 billion euros to Cellnex sales. The company’s shares rose 2.1% at 9:08 a.m. in Madrid.The transaction suggests European phone carriers looking to raise funds by monetizing their towers may continue to find demand for the assets in 2020 as they did in 2019. The steady, long-term cash-flow generated by mast operators has attracted private equity, infrastructure funds, and other investors.It also marks a quick turnaround for the sellers. The joint venture was formed less than 18 months ago when Morgan Stanley and Horizon acquired 75% of Altice’s Portuguese tower unit for an enterprise value of 660 million euros. At the time, Cellnex had shown interest in the assets.The deal is a “strategic positive” for Cellnex as it expands its footprint, and a “modest positive” for Altice, Andrew Lee, a Goldman Sachs analyst, wrote in a research note.Cellnex was the second-best performer on the Stoxx 600 Telecommunications Index last year, with a 94% increase. The top performer was Altice, at 238%.To contact the reporter on this story: Rodrigo Orihuela in Madrid at rorihuela@bloomberg.netTo contact the editors responsible for this story: Charles Penty at cpenty@bloomberg.net, Andrew NoëlFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Reuters

    UPDATE 1-France's Orange plans to set up European mobile mast company

    Orange said it planned to carve out its mobile towers in most European countries where it is present, in a move aimed at shoring up the telecom group's value as tough competition in the region has hampered its growth and margins. The French telecoms operator is following similar moves by other European companies that are looking at selling mobile networks as in valuations for infrastructure assets sky-rocket amid growing appetite from investors, such as U.S. private equity firm KKR and Spain's Cellnex. Bigger rivals Deutsche Telekom and Britain's Vodafone have separated their mast mobile assets and are seeking to sell part of them via a listing or a private sale.

  • Reuters

    French tycoon Niel to sell mobile towers to Cellnex for 2.7 billion euros

    PARIS/MADRID (Reuters) - French tycoon Xavier Niel has agreed a 2.7 billion euro (2.3 billion pounds) deal to sell mobile towers in France, Italy and Switzerland to Cellnex as he seeks to bolster the finances of his telecoms group Iliad. Iliad burnt through 1.44 billion euros in cash in 2018, twice as much as in 2017, and has lost half its market value over the last year. The deal by billionaire Niel, considered a maverick in France's telecoms sector, follows a similar one by French rival Bouygues Telecom in 2017 under which it sold about 3,000 mobile sites to Cellnex for 900 million euros.

  • Reuters

    Cellnex CEO says UK's CTIL matches its criteria as takeover target

    MADRID (Reuters) - Spanish phone towers group Cellnex may consider a takeover bid for British tower company CTIL, but could not afford to invest in France's TDF after agreeing to buy 10,700 sites in France, ...

  • French tycoon Niel to sell mobile towers to Cellnex for $3 billion
    Reuters

    French tycoon Niel to sell mobile towers to Cellnex for $3 billion

    PARIS/MADRID (Reuters) - French tycoon Xavier Niel has agreed a 2.7 billion euro ($3.02 billion) deal to sell mobile towers in France, Italy and Switzerland to Cellnex as he seeks to bolster the finances of his telecoms group Iliad. Iliad burned through 1.44 billion euros in cash in 2018, twice as much as in 2017, and has lost half its market value over the last year. The deal by billionaire Niel, considered a maverick in France's telecoms sector, follows a similar one by French rival Bouygues Telecom in 2017 under which it sold about 3,000 mobile sites to Cellnex for 900 million euros.