0
Wireless

Cellnex closes acquisition of Madrid metro telecom services firm

Monday 5 October 2020 | 14:36 CET | News
Spanish operator Cellnex has announced the acquisition of a 60 percent stake in Metrocall, the telecom services company of Madrid's metro, confirming earlier reports. In a short statement, Cellnex said it reached an agreement with ICT group Indra to acquire the latter's 60 percent share of the capital, with the remaining 40 percent remaining in the hands of Metro de Madrid. No financial details were disclosed but business daily Expansion said the transaction was valued at EUR 70.8 million.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Cellnex / Indra
Countries: Spain
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Cellnex closes acquisition of Hutchison towers in Austria, Denmark and Ireland

Published 11 Jan 2021 11:05 CET | Austria
Spanish infrastructure operator Cellnex said it has closed the acquisition of CK Hutchison's telecommunications tower assets in ...

Cellnex acquires Hutchison's European tower unit for EUR 10 bln

Published 12 Nov 2020 13:44 CET | Europe
Spanish infrastructure operator Cellnex has agreed to acquire the European tower business of CK Hutchison, parent company of ...

Cellnex awarded EUR 1 mln Barcelona connected car park contract

Published 11 Nov 2020 16:05 CET | Spain
Spanish infrastructure operator Cellnex Telecom has announced the completion of a project to connect 40 car parks owned by ...

Cellnex 9-mth EBITDA up 68%, confirms guidance and M&A plans

Published 04 Nov 2020 09:28 CET | Europe
Spanish operator Cellnex Telecom, Europe's largest mobile towers company, reported revenues up 53 percent year on year to EUR ...

Vodafone Spain, Cellnex launch 5G-based smart agriculture trial

Published 03 Nov 2020 15:47 CET | Spain
Vodafone has teamed up with Cellnex to conduct a new trial of 5G technology in Spain's Andalucia region, this time focusing on ...

Cellnex to install 5G network at BASF Tarragona chemical plant

Published 02 Nov 2020 13:52 CET | Spain
Spanish operator Cellnex Telecom said it has agreed to install a 5G network at BASF's production centre in the region of ...

Cellnex presents latest critical comms innovations at virtual conference

Published 02 Nov 2020 10:23 CET | Spain
Spanish operator Cellnex Telecom said it will be demonstrating its latest innovations in the field of critical communications for ...

Cellnex planning to acquire Madrid metro telecom firm Metrocall - report

Published 23 Sep 2020 10:36 CET | Spain
Spanish operator Cellnex is set to continue its M&A activity with the acquisition of Metrocall, the telecom services company of ...

Cellnex in EUR 4 bln capital hike to fund 'up to EUR 11 bln' of new acquisitions

Published 23 Jul 2020 09:12 CET | Spain
Spanish operator Cellnex Telecom said its board of directors agreed to execute a new capital increase amounting to EUR 4 billion ...

Cellnex revenues up 48% to EUR 723 mln in H1, lifts FY guidance

Published 21 Jul 2020 09:22 CET | Spain
Spanish operator Cellnex Telecom, Europe's largest mobile towers company, reported revenues of EUR 723 million in the first half ...

Cellnex-led consortium to run 5G tests between Figueres and Perpignan

Published 16 Jun 2020 16:01 CET | Spain
Spanish infrastructure operator Cellnex Telecom said it will be leading an advanced cross-border trial of 5G applications between ...

Cellnex acquires Nos towers for EUR 375 million

Published 14 Apr 2020 13:17 CET | Portugal
Cellnex has reached an agreement with Portuguese operator Nos for the acquisition of 100 percent of Nos Towering for EUR 375 ...

Cellnex and Bouygues Telecom form JV in France to invest in fibre connectivity

Published 26 Feb 2020 09:57 CET | France
Cellnex and Bouygues Telecom have agreed to create a joint venture that will deploy and operate a fibre network connecting ...

Cellnex France and Arteria sign 10-year framework deal

Published 22 Jan 2020 10:24 CET | France
The French subsidiary of Spanish telecommunications infrastructure operator Cellnex Telecom has announced a deal with electronic ...

Cellnex acquires 1,500 towers from Orange Spain for EUR 260 mln

Published 04 Dec 2019 08:58 CET | Spain
Spanish infrastructure operator Cellnex Telecom has reached an agreement with Orange Spain to acquire a portfolio of 1,500 ...

Cellnex buys Cignal in Ireland for EUR 210 million

Published 10 Sep 2019 10:45 CET | Ireland
Cellnex Telecom, pan-European operator of wireless telecoms and broadcasting infrastructure, has announced an agreement to ...

Cellnex, BT announce 20-year high towers agreement in UK

Published 05 Jun 2019 11:22 CET | United Kingdom
Spanish infrastructure operator Cellnex Telecom and BT have signed a long-term agreement giving Cellnex marketing and operating ...

Cellnex installs multi-operator mobile system at Milan's Hadid Tower

Published 29 May 2019 09:09 CET | Italy
Spanish infrastructure operator Cellnex Telecom has installed and tested its own 2G, 3G, 4G and 4G+ communication system at ...

Cellnex awarded Basque govt 'connected homes' contract

Published 10 Jan 2019 14:57 CET | Spain
Cellnex Telecom has been awarded a contract to equip 114 social housing units in the Basque Country with the latest Internet of ...





Calendar   /   Industry Events

01 Mar Zoom Video Communications Q4
01 Mar Liberty LatAm Q4 results
01 Mar Switch Q4 2020
01 Mar Boingo Q4
01 Mar Ooma Q4
01 Mar Inseego Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
02 Mar HPE fiscal Q1
02 Mar FuboTV Q4 2020
03 Mar Vivendi Q4 2020
03 Mar Avast FY results
03 Mar Marvell Technology fiscal Q4
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Inwit Q4 2020
04 Mar Telesat Q4
05 Mar Vonage Investor Day
::: More Calendar Items