O2 Slovakia and Slovak Telekom to share mobile networks


News

The two operators say the network sharing deal will help prevent overbuild and accelerate their respective rollouts of 5G

Two of Slovakia’s biggest mobile operators have this week finalised a long-awaited network sharing deal, which will O2 Slovakia and Slovak Telekom share mobile infrastructure across the country.

The duo say the deal will help them to boost service quality for customers and reduce rollout costs, particularly with regards to their expanding 5G networks.

The capital city Bratislava and second-largest city Košice are notably exclude from the arrangement, with both operators maintaining their individual networks in these areas.

“Faster deployment of innovations, better signal quality, saving costs and the environment are just some of the benefits that sharing networks will bring. The improvement of customer experience with operators’ networks will also result, for example, from an increase in the common number of base stations, an increase in network capacity, and at the same time, coverage will improve,” said the operators in a joint statement.

Network sharing will begin gradually over the coming months, with process not expected to be fully complete for two or three years.

Both operators stress that the deal will not reduce market competition, with both operators continuing to compete on mobile services.

“As one of the leaders in covering Slovakia with high-speed connections, we will develop mobile networks even faster than before and bring new technologies to areas where it would have taken longer in the past,” said O2 CEO Igor Tóth.

“At the same time, this agreement will not affect our mutual competition and we will continue to compete for the favour of customers with our unique portfolio of products and services and the quality of customer care,” he added.

Want to keep up to date with all the latest news from the international telecoms sector? Click here to receive Total Telecom’s daily newsletter direct to your inbox 

Also in the news:
Comcast talks building a self-healing network at Connected America
1&1 foregoes Telefónica for Vodafone in 5G roaming deal
Is the UK losing the 5G rollout race? 

Ericsson begins 5G manufacturing in Malaysia


Press Release

Global 5G leader Ericsson (NASDAQ: ERIC) has increased its socioeconomic contribution to Malaysia by producing its state-of-the-art 5G radio equipment in Penang – the company’s first 5G manufacturing facility in Southeast Asia.

Ericsson has been in Malaysia since 1965 and is rolling out the 5G network for Malaysia, which has already been recognised globally for its performance.

The production was inaugurated by Communications and Digital Minister YB Ahmad Fahmi bin Mohamed Fadzil (who was represented by Deputy Minister YB Teo Nie Ching), Penang Caretaker Chief Minister Tuan Chow Kon Yeow, and Swedish Ambassador to Malaysia, His Excellency Dr Joachim Bergstrom.

The 5G radio equipment being produced in Malaysia includes Ericsson’s industry-leading lightweight and energy-efficient Massive MIMO antenna-integrated radios and is produced in Prai in the northern state of Penang, in partnership with Flex, a global diversified manufacturer that operates across 30 countries.

David Hägerbro, Head of Ericsson Malaysia, Sri Lanka and Bangladesh says: “Ericsson is a world leader in 5G technology, currently powering 147 live networks across 63 countries, including Malaysia. The production of Ericsson’s global 5G radio equipment in Malaysia is our additional socioeconomic contribution to the country and marks the latest in a broad range of initiatives to bring our global experiences, expertise, and insights to Malaysia in support of the government’s ambition to be a digital leader.”

“Malaysia is an important market for Ericsson and domestic manufacturing in Malaysia will contribute to the local economy through employment and the transfer of technical knowledge to the local workforce in areas such as manufacturing, product engineering and equipment testing”, adds Hägerbro.

The resulting technology leadership has seen Ericsson recently topping the Frost Radar: Global 5G Network Infrastructure Market ranking for the third year in a row. It was also named a Leader in the 2023 Magic Quadrant for 5G Network Infrastructure for Communications Service Providers report by Gartner, also the third year in a row that Ericsson has earned this recognition from the independent research and advisory firm.

In addition to delivering a world-class 5G network, the selection of Malaysia for manufacturing also increases Ericsson’s socio-economic contribution to the country. Malaysia already hosts a Global Maintenance Center in Bukit Jelutong, which is one of the largest in the world, a Regional Distribution Centre at KLIA’s Free Trade Zone. It is also the base for a Regional Competence Hub that hosts 5G expertise and regional support functions, as well as promotes local talent globally.

Hägerbro says that Ericsson will continue to deliver a secure, affordable, world-class 5G network and customer experience for Malaysia.

Malaysia has already become a recognized global leader in 5G connectivity with reports stating that Malaysia has achieved outstanding results in implementing and delivering a great 5G experience for consumers as well as the 5G network delivering excellent speed and reliability, outperforming many industrialized nations.

Want to keep up to date with all the latest news from the international telecoms sector? Click here to receive Total Telecom’s daily newsletter direct to your inbox 

Also in the news:
Comcast talks building a self-healing network at Connected America
1&1 foregoes Telefónica for Vodafone in 5G roaming deal
Is the UK losing the 5G rollout race? 

Nokia looks for a slice of BEAD funding with new Sanmina Corporation partnership


News 

The telco is the first company to announce domestic production of fibre products for use in the Broadband Equity, Access and Deployment (BEAD) programme 

This week, Nokia has announced that it will partner with manufacturing firm Sanmina Corporation to produce fibre optic network equipment at the latter’s factory in Wisconsin for use in the BEAD program. 

The BEAD programme, launched in November 2021 as part of the Infrastructure Investment and Jobs Act, dedicates more than $42 billion to expand high-speed internet access to everyone in America, with the aim to “get everyone online”. The scheme will fund the planning and building of the infrastructure needed to increase the adoption of high-speed internet. 

The money was allocated in June on a state-by-state basis, with each state receiving a minimum of $100 million and offshore territories a $25 million minimum. Some states, such as Texas and California have secured much more, being allocated $3.3 billion and $1.86 billion, respectively. Nineteen US states are set to receive more than $1 billion. 

States must now each submit a five-year plan to the National Telecommunications and Information Administration (NTIA), outlining how they will use their funding to close the digital divide in their respective regions. 

Naturally, this is a huge opportunity for fibre network equipment makers, but there is a catch: the “Build America, Buy America” Act, which requires public funding to only be spent on American-made products. The NTIA is stringent in their imposition of this, in order to maximise the economic potential of the scheme for the country. 

Thus, for Nokia to capture even a fraction of this BEAD funding, it will require manufacturing capabilities in the US itself, hence the new partnership with Sanmina. 

Products to be manufactured at that the Sanmina plant include an Optical Line Termination (OLT) card for a modular Access Node, a small form factor OLT, OLT optical modules, and an outdoor-hardened Optical Network Terminal (ONT). 

“By continuing to invest in domestic manufacturing, Nokia and Sanmina will be able to help create a sustainable future for the industry, one that drives job growth and ensures the fibre products produced embody the quality and excellence associated with American manufacturing,” added Sanmina CEO Jure Sola. 

“By bringing the manufacturing of our fibre-optic broadband access products to the US, BEAD participants will be able to work with us to bridge the digital divide. We look forward to bringing more Americans online,” said Nokia in a statement. 

Manufacturing the equipment will begin next year, and Nokia claims the project will create 200 new jobs.  

How is the US broadband market evolving? Join the operators in discussion at next year’s Connected America conference live in Dallas, Texas 

Also in the news:
Comcast talks building a self-healing network at Connected America
1&1 foregoes Telefónica for Vodafone in 5G roaming deal
Is the UK losing the 5G rollout race? 

1&1 foregoes Telefónica for Vodafone in 5G roaming deal


News

The agreement is a huge knock for Telefonica Deutschland, which generates 40% of its free cash flow from its relationship with 1&1, according to analysts 

This week, Germany’s newest mobile operator 1&1 has signed an exclusive deal with Vodafone Germany, allowing it to provide 5G services to its customers using Vodafone’s network. 

The operator currently has a similar long-term deal with Telefonica Deutschland to provide 4G services, which will last until June 2025. 

1&1 was originally a mobile virtual network operator (MVNO) using Telefónica Deutschland’s network to deliver services. In 2019, however, 1&1 purchased €1.07 billion-worth of spectrum at auction, aiming to build its own 5G network. 

Whilst its own network is being built, 1&1 will need to provide services via other operators. It will be able to use Vodafone’s mobile networks wherever it does not yet operate its own sites (starting from 1st October 2024). The agreement is long term, up to 18 years, and will also provide coverage to areas not covered by 1&1’s new network. 

Since the news, Telefonica Deutschland’s share prices have dropped by 16%, the most on record. Shares of parent company Telefónica also fell by 7%. On the contrary, shares in 1&1 rose by 15%, the biggest one-day gain since 2008. 

There have not been any disclosed financial details, although 1&1 will pay a set price based on the percentage of Vodafone’s network used by its customers. 

“Both sides will benefit from this mobile communications partnership in the long term. 1&1 also gets access to 5G. And the attractive conditions of this partnership help us as Vodafone to make even better use of our networks and to further improve them for our customers,” said Phillip Rogge, Vodafone Germany CEO. 

The deal marks a change in the tone of the relationship between the two firms. In February 2021, 1&1 filed a complaint to the German Federal Cartel Office, noting that it was facing ‘ongoing obstacles to the rollout of its 5G network resulting from actions by Vodafone’. 1&1 alleged that Vodafone’s tower unit, Vantage Towers, failed to provide access to its sites as per their contractual agreement. 

Want to keep up with all of the latest telecoms news from around the world? Sign up to receive Total Telecom’s daily newsletter 

Also in the news:
Telefónica and Sateliot make history with 5G roaming space connection
e& looks to Europe with €2.15bn stake in PPF Telecom Group
UK government unveils £40m funding for 5G innovation  

Terrapinn/Total Telecom acquires Broadband Communities


Press Release

(02 August 20203) Terrapinn / Total Telecom is delighted to announce the acquisition of Broadband Communities, a publishing and events business specialising in the provision and delivery of broadband services in the USA.

Broadband Communities’ annual Broadband Communities Summit event will join Total Telecom’s portfolio of award-winning telecoms events, including Connected Britain, Connected America, Total Telecom Congress, and the World Communication Awards.

Rob Chambers, Managing Director, Total Telecom, said: ”Broadband Communities is a fantastic fit with our Connected series and provides a beachhead for the further development of our business in the USA. We are excited and looking forward to a very bright future with BBC. The Broadband Communities Summit, held annually in May, near Houston, is the industry standard.”

Barbara DeGarmo, CEO, Broadband Communities, said: “We are really glad that BBC has found such a good home. Total Telecom has what is needed to make BBC prosper in the future.”

Broadband Communities Summit 2024 will take place on MAY 6–9 at the The Woodlands Waterway Marriott Hotel & Convention Center in Houston, Texas.

Total Telecom looks forward to serving all stakeholders in building the broadband future of the USA.

The companies would like to thank all staff and advisors that facilitated the deal.


About Total Telecom
Since 1997, Total Telecom has provided the connection between the buyers and sellers in the global telecom market. It produces high quality, independent editorial content and events to facilitate discussion on industry issues and recognise innovation and excellence by companies and individuals. Total Telecom serves the global telecom industry, with special focus on executives within operators, service providers, and the enterprise users of telecom products and services. The Total Telecomcommunity comprises more than 100,000 global telecom professionals from more than 200 countries who use our products every month, through our website and opt-in email audience, as well as through social media on which we have over 75,000 followers.

About Broadband Communities

Broadband Communities organises the annual Broadband Communities Summit, the leading event for community leaders, multifamily property owners, and network builders and deployers interested in the building, managing, marketing and monetising of high-speed broadband technologies and services. It is focused on the successful delivery of high-speed broadband networks to communities – from multifamily properties to ultra-connected master-planned developments to the city or town where you live. The Summit’s extraordinary program offers cutting-edge presentations by outstanding speakers with a finger on the pulse of what’s new and what’s coming, what works and what doesn’t. From the first day of the Summit to the last, our goal is to send you home with information you can put to immediate use.

For further information:
Greg Hitchen – CEO of Terrapinn: greg.hitchen@terrapinn.com
Rob Chambers – MD of Total Telecom: rob.chambers@totaltele.com
Barbara DeGarmo – CEO of Broadband Communities: barbara@broadbandproperties.com

www.terrapinn.com
www.totaltele.com

Vocus offers TPG Telecom $4.2bn for fixed infrastructure assets


News

The share price of TPG Telecom has risen by 12% since the news 

Vocus has made a non-binding offer of AU$6.3 billion ($4.2 billion) to buy rival TPG Telecom’s enterprise, government, and wholesale assets.

“Discussions between the parties remain incomplete and transaction terms are subject to ongoing negotiation,” said TPG in a statement. “Securityholders should be aware that the Board of TPG has not made any decision to accept any offer, and there is no certainty an agreed transaction will eventuate. If a transaction is able to be agreed, it would also remain subject to a range of conditions, including relevant regulatory approvals.” 

Last year, this unit made up 18% of TPG Telecoms’s total fiscal revenue, at AU$5.52 billion ($3.65 billion). 

The deal includes the company’s wholesale fixed infrastructure arm Vision Network, which covers roughly 410,000 premises with a combination of fibre-to-the-premises, fibre-to-the-building, fibre-to-the-node, and hybrid fibre coaxial technologies. 

TPG launched a strategic review of Vision Network in October last year, a move which reportedly drew interest from numerous potential investors. 

The offer from Vocus is indicative, highly conditional and non-binding, and is subject to various conditions, including debt financing, due diligence, document finalisation, and the approval from both company boards.  

Vocus had been given until 6th September to complete its due diligence. 

Last year, TPG Telecom was the last of Australia’s three largest telcos to sell off their mobile tower infrastructure. The firm sold its mobile towers and rooftop infrastructure to OMERS in a for AU$950 million ($627 million) deal, with TPG using the funds to pay down its debt pile.  

The sold portfolio was around 21% of TPG Telecom’s mobile network coverage in Australia, with the other 79% provided by other tower companies.  

Want to keep up to date with all the latest news from the international telecoms sector? Click here to receive Total Telecom’s daily newsletter direct to your inbox 

Also in the news:
Vocus launches drone to serve as an emergency mobile tower in Australia
Optus partners with Starlink to bring mobile coverage to rural Australia
TalkTalk mulls break-up as debt pressure grows 

Making compliance (almost) fun


Startup Stories

Tell us about your startup
At Compleye, we revolutionize compliance for SaaS companies with our collaboration platform. Our mission is to provide a simpler, more affordable, and efficient way for tech companies to achieve compliance. Our comprehensive library of resources, step-by-step guides, and team of compliance experts make it easy for tech companies to meet industry-leading frameworks like ISO 27001, SOC 2, ISO 9001, and ISO 27701.
Our platform is designed to be user-friendly and cost-effective, allowing companies to focus on their core business while we take care of the compliance headaches. We help them understand compliance obligations, develop a compliance plan, and implement the necessary controls.

In addition to our platform, we offer a suite of compliance services, including internal audits, intensive solutions, and compliance consultancy sessions. These services further enhance our clients’ compliance journey.
Compleye was founded in 2018 by Karolin Kruiskamp, a seasoned professional with 25 years of experience in organizational design and 15 years in the tech industry. Since then, we have gained traction in the highly-regulated Pharma industry and expanded our approach to sectors such as Health Tech, FinTech, e-Commerce, and Smart-City industries. Our clientele consists primarily of B2B SMEs offering technical products or services.
Fast forward to 2023, Compleye continues to grow and scale alongside its clients, team, products, and services. Our dedication to simplicity, affordability, and efficiency has carved out a unique niche for us in the ever-evolving tech landscape.

What is your USP?
Our USP lies in our lean approach to compliance, which makes our platform the most cost-effective solution in the market. We have designed our platform to simplify compliance, ensuring that users don’t need prior compliance experience to get started. With Compleye, tech companies can achieve compliance effortlessly, saving both time and money. By offering a user-friendly experience and being affordable, we set ourselves apart from traditional compliance solutions.

What is your relationship with the telecom sector?
The telecom sector is a key partner for Compleye. We collaborate with telecom companies to help them understand the compliance requirements of their customers and provide them with the necessary tools and resources to meet those requirements. Additionally, we work closely with telecom companies to develop new compliance solutions that align with the evolving tech landscape. Our partnership enables telecom companies to strengthen their compliance posture and deliver trusted services to their customers.

How have you got to your current stage of development?
Compleye was bootstrapped by Karolin Kruiskamp in 2018. She worked tirelessly to build the platform and raise awareness about Compleye. In 2020, Compleye secured its first round of funding, allowing us to expand our team and reach more clients.

Our success can be attributed to several factors. First, we have a passionate team of experienced professionals who are dedicated to helping tech companies achieve compliance. Second, we continuously iterate on our product, making it more user-friendly and effective based on client feedback. Lastly, our close relationship with our clients enables us to incorporate their input into our product development process.
Today, Compleye is the leading compliance collaboration platform for tech companies in Europe, with a track record of delivering exceptional results.

Why did you establish the business?
We established Compleye because we recognized the need for a simpler, more affordable, and efficient way for tech companies to achieve compliance. The traditional compliance approach is complex, expensive, and time-consuming, often taking months or even years to complete. We saw the struggles faced by founders in understanding the regulatory landscape and the financial implications of compliance.

Who inspired you?
We were inspired by the challenges that founders of tech companies face when trying to achieve compliance. We saw that many founders were struggling to understand the complex regulatory landscape, and that they were often faced with high costs and long timelines. We were also inspired by the victims of data breaches and privacy violations.

Furthermore, we were inspired by the victims of data breaches and privacy violations. Our goal is to create a safer world for everyone by helping tech companies protect their data and their customers’ data. We believe that Compleye is a step in the right direction, empowering businesses to navigate compliance challenges effectively while prioritizing privacy and security.

What does the future hold for your business?
The future is bright for Compleye. The SaaS industry has increased in size by around 500% over the past seven years, and this growth is showing no signs of slowing down. As the industry expands, the demand for compliance solutions will also rise. Compleye is well-positioned to capitalize on this growth by offering a platform that addresses the increasing awareness of data protection, data breaches, ransomware attacks, and the demand for ethical business practices.

We are a small but highly motivated team, and we are excited about the opportunities that lie ahead! Our focus is on further enhancing our platform, expanding our market reach, and fostering strategic partnerships to meet the evolving needs of the tech industry.

Compleye will be showcasing their solutions at the Total Telecom Congress in Amsterdam, 21-22 November 2023. Find out how to meet them there or get involved. totaltele.com/congress

Telefónica proposes fibre partnership with Vodafone


News 

The deal could help offset Vodafone’s struggling performance in the highly competitive Spanish market 

According to reports from Bloomberg, Telefónica has approached Vodafone on several occasions in recent months to discuss potential deals related to the companies’ Spanish broadband networks. 

The potential deal could take the form of a wholesale agreement, a partnership, or the transfer of Vodafone’s clients onto Telefónica’s fibre network. 

Vodafone have yet to comment on the proposal, with Telefónica’s Chief Operating Officer Angel Vila noting that “the ball is now in their court”. 

It is possible that the proposal has come as a result of Vodafone’s new CEO Margharita Della Valle launching a review of Spanish operations back in May, saying that “structural change”, including a full or partial sale of the unit, was a possibility. Following this announcement, Telefónica revealed its interest in discussing a potential deal between the two companies’ Spanish fibre networks. 

In recent years, Vodafone’s operations in Spain have been strongly impacted by the highly competitive nature of the country’s telecoms market. Ruthless competition with MasMovil, Orange, and Movistar has seen all of the operators locked in a seemingly perpetual price war, keeping profits painfully low. 

During the 2023 fiscal year, Vodafone had the highest decline in mobile service revenue at 5.4%, noting that competition in the mobile value segment “remained intense”. 

Want to keep up to date with all the latest news from the international telecoms sector? Click here to receive Total Telecom’s daily newsletter direct to your inbox 

Also in the news:
Orange-MásMóvil merger may reduce competition in Spain, says European Commission
Suitors lining up to buy Vodafone Spain
Vodafone sales increase as merger looms

Total Telecom’s Friday Financial Roundup


News

A summary of all the essential financial news in the telecoms world 

Virgin Media O2 releases Q2 results

Virgin Media O2’s (VMO2) quarterly results, published on Tuesday, revealed a 6.2% increase in adjusted revenue, totalling £2.7 billion. This drove transaction-adjusted EBITDA up 4.6% from the same time last year, to £1 billion.

The revenue increase was due in part to VMO2’s April price rises.

At the same time, however, the results revealed VMO2 had lost roughly 24,700 fixed line customers and 1,500 mobile subscribers.

“Amidst higher costs, rising usage and continued investment, we executed necessary price increases in line with our expectations, with this starting to flow through to our Q2 revenue and EBITDA growth,” said CEO Lutz Schüler.

Cellnex revenue rockets 18% on last year

Europe’s largest mobile tower company announced second quarter revenues of €1.02 billion, an increase of 17.8% on the same period last year, when the number stood at €862 million. The company attributes the increase to the continued posititive momentum of its core business.

Despite a 19.2% rise in operating expenses, adjusted EBITDA was up 17.4 % in Q2.

“We continue to see momentum in the business with strong growth across all of our industrial and financial metrics in the first half of the year,” said CEO Marco Patuano. “We are making good progress towards the objectives we set last November in the “new chapter” for the Group, with a focus on organic growth, positive free cash flow generation by 2024 and achieving investment grade by 2024 as well.”

The firm’s current net financial debt stands at €17.9 billion.

Telefónica’s 44.5% revenue increase

Telefónica’s Q2 results, released yesterday, showed that between April and June the company’s net income rose 44.5% to €462 million, compared to the same period last year.

Total revenue reached €10.1 million, with a growth rate of 0.9% year-on-year.

Net financial debt amounted to €27.5 million at the end of last month, 3.9% lower than last year.

The performance has allowed the firm to review their 2023 financial targets, including doubling their revenue target as they anticipate organic growth of 4%.

“Focused on the customer and the creation of shareholder value, and with technology as a decisive factor to better understand and connect with the world, Telefónica is preparing its 2023-2026 plan with a model of operational excellence based on three pillars: Growth, Profitability and Sustainability,” said Telefónica’s Chairman José María Álvarez-Pallete.

Vodafone’s share price rise after successful Q1

The release of Vodafone’s Q1 results this week demonstrated a successful quarter, causing the share price to rise 4% to 75.5% earlier this week.

Vodafone reported a 3.7% rise in organic revenue growth to €10.7 billion in the first quarter of this year, although reported growth fell by 4.8%. 

The firm’s solid performance in the UK, boosted by April price rises, largely helped to offset poorer performances in other key markets like Germany, where revenue dropped by 1.3%.

“We have achieved a better service revenue performance across almost all of our markets. We have delivered particularly strong trading in our Business segment and returned to service revenue growth in Europe” said CEO Margherita Della Valle.

“Vodafone delivered mixed results today, though with revenue ahead of expectations and the company taking advantage of price rises in April they are more on the positive side,” commented Matthew Dorset, analyst at Quilter Cheviot.

T – Mobile set Q2 record

In the release of its Q2 report on Thursday, T-Mobile announed a gain of 760,000 postpaid mobile customers, its highest increase in the quarter for eight years, and the most in the US mobile industry.

The total customer base grew by 1.7 million to a record 116.6 million at the end of June.

Service revenues of $15.4 billion grew 4% year-over-year, while core EBITDA increased 11% year-over-year to $6.7 billion.

“On the heels of our highest ever postpaid account net additions and industry-leading postpaid and broadband customer growth, we are raising guidance for the third time this year. Our Un-carrier playbook continues to win in this ever-changing competitive and macro-economic climate and our momentum is only getting stronger,” said Mike Sievert, CEO of T-Mobile.

Want to keep up with all of the latest telecoms news from around the world? Sign up to receive Total Telecom’s daily newsletter 

Also in the news: 

Cellnex names Anne Bouverot as Non-Executive Chairperson
Ericsson may be caught in the middle as Swedish–Iraqi relations sour
Nokia and Tele2 team up for private 5G in Sweden 

Cellnex considers selling minority stake in Nordic operations


News

According to reports, the sale process could begin later this year 

Spanish tower infrastructure giant Cellnex is considering the sale of the minority stake in its Nordic operations (Sweden and Denmark), anonymous sources told Reuters earlier this week. 

According to the report, the firm is working with Spanish financial advisors AZ Capital to gauge potential interest in the operations, with the unit valued potentially valued at almost €1 billion. 

At the end of the first quarter of this year, Cellnex operated 1,576 sites in Denmark and 2,906 in Sweden. The exact value of these sites, however, is difficult to calculate; in its financial reporting, Cellnex does not separate the financial details of its Swedish and Danish businesses, which are instead simply part if its ‘rest of Europe’ unit, including Netherlands, the UK, Switzerland, Ireland, Portugal, Austria, Denmark, Sweden, and Poland. 

This ‘rest of Europe’ unit recorded EBITDA of €264 million in the first quarter of this financial year. 

The rumours of a stake sale for the Nordic unit should not come as a great surprise, with Cellnex CEO Marco Patuano saying back in March that the company was “open to consider (selling) minority stakes, maybe even (to) local investors… which might be interested in order to invest in certain areas of Europe”.  

After the announcement today , shares were up 4.7% this morning at €38.49.

After years of growth fuelled by various mergers and acquisitions — such as the takeover of CK Hutchinson’s European towers — Cellnex’s strategy has now shifted to focus on cutting debt, which stood at €17billion at the end of this year’s first quarter. 

The firm operates around of 135,000 sites across Europe. Earlier this year, Cellnex acquired the final 30% of OnTower from Iliad for €510 million, taking Poland’s site total to around 15,000.

In related news, this week saw Cellnex acquire a €315 million loan from the European Investment Bank, funds they say will allow them to deploy additional sites and upgrade existing infrastructure in Spain, Portugal, France, Italy, and Poland. 

How is the tower infrastructure market changing in 2023? Join the experts in discussion at this year’s Total Telecom Congress live in Amsterdam 

 
Also in the news:
Cellnex names Anne Bouverot as Non-Executive Chairperson
Ericsson may be caught in the middle as Swedish–Iraqi relations sour
Nokia and Tele2 team up for private 5G in Sweden