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Cellnex acquires Hutchison's European tower unit for EUR 10 bln
2020-11-12 13:44:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure operator Cellnex has agreed to acquire the European tower business of CK Hutchison, parent company of mobile operator 3 Group, for a total consideration of EUR 10 billion, confirming recent reports. The transaction is the largest in the history of Cellnex, boosting its towers footprint by around 40 percent beyond 100,000 sites and allowing it to enter new markets including Austria, Denmark and Sweden while consolidating its foothold in Italy, the UK and Ireland.
Nos Q3 telecom revenues down 1% to EUR 342 million, total RGUs up 3%
2020-11-06 15:26:00| Telecompaper Headlines
(Telecompaper) Portuguese operator Nos reported a 1.4 percent annual drop in telecom revenues during Q3 to EUR 341.7 million and EBITDA declined by 1.0 percent to EUR 155.5 million, giving an EBITDA margin of 45.4 percent (+0.2%). Telco capex dropped 11.2 percent to EUR 79.4 million, resulting in operating cashflow (EBITDA-capex) down 21.9 percent to EUR 62.8 million.
Hutchison and Cellnex confirm 'advanced talks' over EUR 10 bln tower asset sales
2020-11-04 10:57:00| Telecompaper Headlines
(Telecompaper) CK Hutchison, the parent company of mobile operator 3 Group, has confirmed recent reports that it is in advanced negotiations regarding the sale of its European mobile tower business to Spanish operator Cellnex Telecom, already Europe's largest mobile towers company. In a statement, CK Hutchison said it has reached "substantial agreement" on the key commercial terms for the disposal of the telecommunications infrastructure assets in Europe held indirectly by its CK Hutchison Group Telecom Holdings subsidiary to Cellnex. It added that total proceeds on completion of the transactions would amount to around EUR 10 billion, including minority partners' shares.
Tags: advanced
sales
eur
confirm
Cellnex in advanced talks to acquire EUR 9 bln Hutchison tower business - report
2020-10-26 13:58:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure operator Cellnex Telecom is in advanced negotiations to acquire CK Hutchison's European mobile tower business for around EUR 9 billion, according to unnamed sources cited by Bloomberg. Cellnex is already Europe's largest towers company and has recently agreed to acquire 7,000 Polish cites from France's Iliad Group to increase its portfolio to 73,000 towers in 9 countries by the end of H1 2021. CK Hutchison and Cellnex have been in talks since at least July, when Bloomberg reported that the Hong Kong-based conglomerate was considering the sale of a minority stake in its European towers unit.
Tags: business
advanced
report
eur
Telefonica rolls out EUR 7 a month e-health service
2020-10-21 15:43:00| Telecompaper Headlines
(Telecompaper) Telefonica said its new telemedicine service for Spanish users is now available at prices starting at EUR 7 a month. First unveiled at the start of the month, the service is dubbed 'Movistar Salud' and is designed to give people from all over Spain, even those living in remote areas, access to health professionals from the comfort of their homes. Users will be connected to a primary care doctor 24 hours a day, 7 days a week, for EUR 6.95 a month for an individual subscription and EUR 10.95 a month for a basic family subscription, plus a one-off EUR 10 activation fee.
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