Home Cellnex 9-mth EBITDA up 68%, confirms guidance and M&A plans
 

Keywords :   


Cellnex 9-mth EBITDA up 68%, confirms guidance and M&A plans

2020-11-04 09:28:00| Telecompaper Headlines

(Telecompaper) Spanish operator Cellnex Telecom, Europe's largest mobile towers company, reported revenues up 53 percent year on year to EUR 1.15 billion in the 9 months to end of September, with EBITDA surging 68 percent to EUR 838 million after consolidating assets acquired in 2019 in France and Italy (Iliad), Switzerland (Salt), the UK (Arqiva), Ireland (Cignal) and Spain (Orange), as well as the purchase of OMTEL in Portugal (3,000 sites) and the recent�acquisition of 7,000 Polish sites from Iliad. On the back of these results, the company confirmed the upwardly revised guidance it issued in July of full-year EBITDA amounting to EUR 1.16-1.18 billion from a previous estimate of EUR 1.065-1.085 billion and free and recurring cash flow (RLFCF) of around 70 percent for 2020 versus an initial estimate of 50 percent. [ more ]

Tags: ma plans guidance confirms

Category:Telecommunications

Latest from this category

All news

»
25.03Reeves to focus on 2bn defence boost in Spring Statement
25.03Kimberly-Clark Announces Green Initiatives at German Site
25.03NCBA outlines trade priorities in ways and means hearing
25.03Lactation station: Tips for optimizing sow diets during nursing
25.03The Home Depot Announces Exclusive KILZ Brand Agreement
25.03March 2025 USDA Cattle on Feed highlights
25.03Gauging public support for avenues to reduce beef methane emissions
25.03Maxcess International Europe Announces Leadership Transition
More »