Cellnex owns and operates more than 100,000 wireless towers in Europe, resulting from continued M&A activity since its IPO in 2015. It has acquired towers from several European mobile network operator, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in more than 10 European countries as of March 2023, including France, Italy, Spain, Poland, the U.K., Switzerland, and Portugal. Cellnex's strategy is to acquire portfolios from MNOs and lease the towers back to them through long-term contracts, which provide high cash flow visibility and inflation protection.
Quote | Cellnex Telecom SA ADR (OTCMKTS:CLLNY)
Last: | $17.57 |
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Change Percent: | -0.4% |
Open: | $17.54 |
Close: | $17.57 |
High: | $17.57 |
Low: | $17.431 |
Volume: | 67,304 |
Last Trade Date Time: | 07/30/2024 03:00:00 am |
News | Cellnex Telecom SA ADR (OTCMKTS:CLLNY)
2024-04-25 16:42:08 ET Cellnex Telecom, S.A. (CLNXF) Q1 2024 Earnings Conference Call April 25, 2024, 12:00 PM ET Company Participants Juan Gaitan - Director, Investor Relations Marco Patuano - Chief Executive Officer Raimon Trias - Chief Financial Officer ...
2024-04-25 12:05:00 ET Summary Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing. Baron International Growth Fund gained 1.35% during the first quarter of 2024, while i...
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