Cellnex

Cellnex is the leading independent European provider of wireless telecommunications infrastructure.
It operates in 10 European countries with the aim of creating a telecommunications infrastructure platform to drive the continent’s digitalisation.

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Mountain with antennas

About Cellnex

Cellnex Telecom SA is a Spanish company, the leading European provider of telecommunications and broadcasting infrastructure. The company offers its customers a series of solutions and technologies designed to ensure reliable, high-quality wireless transmission for voice and data services.

It provides innovative connectivity solutions and develops the infrastructure ecosystem needed to deploy new technologies. 

As Europe’s leading independent infrastructure provider, Cellnex is committed to creating an efficient telecommunications platform that is impartial and high-quality, with innovative management practices to drive digitalisation throughout Europe.

countries

11

Edizione's stake

9.90 %

sites

approx. 130000

(including those due to be added by 2030)

sites in operation

112105

Total revenue of

4353 bn €

workforce

2700

million people

250

in Europe who access the network via CLNX infrastructure

Women

34 %

in managerial positions

Revenue 2024 

By geographical area

 

Milestones

2018
2020

Edizione acquires a 29.9% stake in Cellnex

Via the ConnecT vehicle.

Edizione holds its stake in ConnecT.

Edizione sells interests in ConnecT the vehicle through which it holds Cellnex to two major international investors: GIC – the Singapore sovereign wealth fund – and the Abu Dhabi Investment Authority (ADIA).

Edizione announces the full non-proportional demerger of ConnecT, remaining the largest shareholder in Cellnex

Shareholders

Cellnex Telecom’s shareholders as of 31 December 2024 are:

Cellnex’s approach to ESG

Sustainability is a key element for Cellnex. The group has embedded ESG aspects in its strategy, managing its impacts on communities and local areas efficiently and responsibly. Its value creation model sets out a roadmap of goals and commitments to be pursued to improve the company’s sustainability performance, extending this commitment to the entire value chain and to all its stakeholders.

Investment case

Cellnex is an investment with highly predictable, recurring cash flows. Long-term contracts with MNOs (indexed to inflation) provide a solid base for recurring and highly visible revenue over time. The infrastructure and mission-critical nature of Cellnex’s assets reduces exposure to economic cycles, ensuring operational stability and capital protection over the long term.

Cellnex has recently embarked on a major change of strategy, switching from a phase marked by significant expansion to a new cycle focused on operational efficiency and cash generation, in addition to optimization of its portfolio and shareholder returns. This change reflects the maturity of its business model, boosting its attractiveness as an investment, partly in view of its ability to offer sustainable returns and distribute value. The combination of European leadership, high-quality assets and the new financial discipline positions Cellnex as a reliable, strategic pillar in a portfolio designed to create long-term value.

People

Anne Bouverot – Chairwoman
Marco Patuano – Chief Executive Officer

Edizione's role in the Corporate Governance

Board of Directors (1 out of 13 members)

Christian Coco – Director

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