CLNXF:OTCMKTS
Cellnex Telecom S.a
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Cellnex reports on November 5: Cellnex stock has EUR 16.4 billion value
Profile
Cellnex Telecom is a Spanish telecommunications infrastructure and services company. The company operates a portfolio of over 110,000 telecommunications sites in ten European countries, providing share-use infrastructure primarily to mobile networks operators. Its activity is divided into four main areas: telecommunications infrastructures; distributed antenna Systems, small cells and other network services; broadcast networks; fibre, connectivity and hosting services.
Cellnex was formed in 2015 as a spin-off of the telecommunications infrastructure division of Abertis and listed on the Madrid Stock Exchange that same year. It became a component of the IBEX 35 index in June 2016. Between 2015 and 2022, the company expanded from its original base in Spain to twelve European markets through a series of acquisitions. In November 2022, Cellnex announced a strategic shift away from acquisition-led growth towards organic expansion and deleveraging.
Marco Patuano is the CEO since the Annual Shareholder's Meeting hold in June 2023, ratified the appointment. He succeeds Tobias Martinez, who led the company through its significant growth and expansion since its IPO in 2015. Wikipedia
About Cellnex Telecom S.a