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    TRANS   SE0006758587

TRANSTEMA GROUP AB

(TRANS)
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Transtema signs a three-year contract with Cellnex

12/01/2021 | 09:31am EST

Transtema Network Services ("TNS"), a subsidiary of Transtema Group AB (publ), have been selected by Cellnex as a maintenance partner in relation to Cellnex's tower infrastructure in Sweden

 The parties have today, 1st December, signed an agreement with an effective date of 1st of February 2022. The duration of this agreement is three years, with an option for an extension of 1+1 years. TNS is a leading supplier in Sweden for the operation and maintenance of telecom networks. Cellnex is Europe's market-leading tower company, with operations in 12 countries.

The scope of the agreement is preventive and corrective maintenance, and related auxiliary works, of Cellnex's more than 2700 tower and rooftop sites across Sweden. The total estimated value of the contract is approximately 20 MSEK, but may increase with additional work orders.

 "We are proud to be selected by Cellnex, a leading company in its field. It is a perfect match with our current undertakings, and fits well into our strategic direction; offering the management of telecom facilities," says Magnus Eriksson, Managing Director of Transtema Network Services.

 "The agreement is a long-term partnership, and, with Transtema's know-how and expertise, we feel confident that our infrastructure will be well-maintained so as to serve our customers in the best possible way," says Staffan Lindbäck, Managing Director of Cellnex Sweden.

About Transtema

Transtema is one of Sweden's leading companies in the design, construction, operation and maintenance of communication networks, as well as technical consulting services for telecommunications operators, city networks, public authorities, energy companies, and larger private networks. Transtema also provides network equipment, services and products in data storage, as well as IoT solutions. Transtema was founded in 1997. Net sales in Transtema Group AB (publ) in 2020 were 1 405 MSEK (1 497). The number of employees in the Group is approximately 1 100. Transtema Group AB is listed on Nasdaq Stockholm Main Market with ticker TRANS.

About Cellnex

Cellnex Telecom is Europe's leading operator of wireless telecommunications and broadcasting infrastructures, with operations in 12 countries. The company has grown rapidly in the last five years. Cellnex collaborates with all mobile operators in the deployment of 5G networks. The company is an innovative and expansive infrastructure provider, with operations across multiple technologies on the telecom market. Cellnex was recently established in Sweden, where it offers a variety of towers, rooftop sites and other structures for housing equipment for wireless communication. Across Sweden, the company operates more than 2 700 sites, and is a full range service supplier of rollout and site optimisation services, as well as operation and maintenance.

For more information please contact:

Magnus Johansson, CEO, +46 (0)31 746 83 00

Henning Sveder, CFO, 0+46 ()31 746 83 00

Transtema is listed on Nasdaq Stockholm Main Market. The information was submitted for publication, through the agency of the contact persons set out above, on 1st December 2021 at 15:30 CET

https://news.cision.com/transtema/r/transtema-signs-a-three-year-contract-with-cellnex,c3463016

https://mb.cision.com/Main/12363/3463016/1504367.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
CELLNEX TELECOM, S.A. -2.15% 42.35 Delayed Quote.-17.25%
TRANSTEMA GROUP AB -4.15% 39.3 Delayed Quote.-17.26%
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Financials
Sales 2021 1 687 M 187 M 187 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 507 M 167 M 167 M
Capi. / Sales 2021 0,89x
Capi. / Sales 2022 0,86x
Nbr of Employees 1 048
Free-Float 39,7%
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Last Close Price 39,30 SEK
Average target price 45,00 SEK
Spread / Average Target 14,5%
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Managers and Directors
Magnus Henry Johansson Chief Executive Officer & Director
Henning Sveder Chief Financial Officer
G÷ran Bertil Nordlund Chairman
Jens Boberg Chief Operating Officer & Deputy CEO
Linus Brandt Vice Chairman