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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Cellnex Telecom    CLNX   ES0105066007

CELLNEX TELECOM

(CLNX)
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Cellnex Telecom : secures telecoms arm of rival Arqiva

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10/09/2019 | 01:21am EST

SPANISH infrastructure firm Cellnex has agreed to buy the telecoms division of British rival Arqiva for £2bn, making it the largest independent operator of mobile masts in the UK.

The deal will add roughly 7,400 sites to Cellnex's portfolio, as well as the rights to market roughly 900 additional sites across the UK serving all four mobile operators.

The agreement also grants the Spanish firm permission to use street infrastructure as locations for telecoms sites in 14 London boroughs, which the firm said was a key factor for the rollout of 5G in the capital.

Cellnex said it will finance the deal through a £2bn loan facility and cash reserves. The firm has also approved the launch of a €2.5bn (£2.2bn) rights issue.

"The Arqiva Telecoms division acquisition is a key milestone for Cellnex," said Tobias Martinez, chief executive of Cellnex.

"Its strong UK asset-base, revenues and financial profile... make it a perfect addition to our operations."

(c) 2019 City A.M., source Newspaper

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Financials (EUR)
Sales 2019 1 021 M
EBIT 2019 188 M
Net income 2019 24,2 M
Debt 2019 4 488 M
Yield 2019 0,26%
P/E ratio 2019 282x
P/E ratio 2020 148x
EV / Sales2019 18,3x
EV / Sales2020 13,9x
Capitalization 14 184 M
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Technical analysis trends CELLNEX TELECOM
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 39,68  €
Last Close Price 36,83  €
Spread / Highest target 41,2%
Spread / Average Target 7,74%
Spread / Lowest Target -26,1%
EPS Revisions
Managers
NameTitle
Tobías Martínez-Gimeno Chief Executive Officer & Executive Director
Franco Bernabè Non-Executive Chairman
Alberto López Prior Operations Director & Resource Director
José Manuel Aisa Mancho CFO & Director-Corporate Development
Pierre Blayau Independent Director
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