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Cellnex sales up 49% to EUR 358 mln in Q1 following asset acquisitions

2020-05-08 09:22:00| Telecompaper Headlines

(Telecompaper) Spanish operator Cellnex Telecom, Europe's largest mobile towers company, reported revenues of EUR 358 million in the first quarter of 2020, up 49 percent year on year, with EBITDA surging 64 percent to EUR 260 million. Both figures were strongly impacted by the series of asset acquisitions made in 2019 in France and Italy (Iliad), Switzerland (Salt), the UK (BT), Ireland (Cignal) and Spain (Orange), as well as the purchase of OMTEL in Portugal, which closed on 02 January 2020.

Tags: sales eur asset acquisitions

Category:Telecommunications

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