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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.

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Category:Telecommunications

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