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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.

Tags: ma plans guidance confirms

Marvell confirms Inphi takeover to expand in growing data centre market

2020-10-29 12:37:00| Telecompaper Headlines

(Telecompaper) Marvell Technology has confirmed an agreement to acquire Inphi for cash and shares to create a new semiconductor group worth USD 40 billion. As part of the deal, Marvell will move the headquarters of the company from Bermuda to the US.

Tags: data market centre growing

Telefonica confirms JV with Allianz for FTTH roll-out in Germany

2020-10-29 11:16:00| Telecompaper Headlines

(Telecompaper) Telefonica said it has reached an agreement with Allianz to create a joint venture for building a FTTH network in Germany. The new company plans to invest up to EUR 5 billion over a period of six years to deploy fibre for more than 2 million households in rural and semi-rural areas. The joint venture will lay over 50,000 km of fibre network.

Tags: germany confirms telefonica allianz

FCC confirms USD 9 bln fund for rural 5G, auction delayed on need for better broadband maps

2020-10-28 09:28:00| Telecompaper Headlines

(Telecompaper) The US Federal Communications Commission has approved plans for a new 5G Fund for Rural America, with up to USD 9 billion in subsidies available to boost 5G coverage in outlying areas. However, the fund will not be available immediately, as the FCC decided to first improve how it collects broadband map data on unserved areas.

Tags: for maps usd fund