0
General

Cellnex revenues and EBITDA up 11% in H1

Friday 26 July 2019 | 11:09 CET | News
Spanish operator Cellnex Telecom reported revenues of EUR 489 million in the first half of 2019, up 11 percent on the year-earlier result, with EBITDA likewise climbing 11 percent to EUR 321 million. The company's net profit improved to zero compared to the EUR 31 million loss posted in the first half of 2018, while recurring free cash flow improved to EUR 173 million from EUR 158 million the previous year. Cellnex also managed to cut its net debt to EUR 2.298 billion on 30 June, of which 79 percent is fixed rate, compared to EUR 3.166 billion a year earlier thanks to capital hikes executed

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: General
Companies: Cellnex
Countries: Italy
::: add a comment

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

Telefonica to monetise mobile towers portfolio 'within a year'

Published 11 Sep 2019 09:30 CET | Spain
Telefonica has announced that it intends to accelerate a plan to monetise its extensive tower portfolio as part of a strategy ...

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 ...

Salt refinances through Matterhorn Telecom subsidiary

Published 02 Sep 2019 17:28 CET | Switzerland
Swiss operator Salt said that its affiliate Matterhorn Telecom wants to raise up to CHF 1.15 billion (equivalent) worth of new ...

France clears Iliad-Cellnex towers deal

Published 02 Sep 2019 10:36 CET | France
France's competition regulator has authorised the acquisition by Spanish operator Cellnex Telecom of Iliad 7, the French ...

Last week in telecoms: Vodafone wins on results and towers spin-off

Published 29 Jul 2019 07:00 CET | Europe
It was business as usual in the European telecoms sector last week. Earning season was well underway, with some merger news. The ...

Salt confirms towers sale to Cellnex for CHF 0.8 billion

Published 07 May 2019 19:39 CET | Switzerland
Swiss operator Salt has confirmed an agreement with Cellnex for the sale of a 90-percent equity interest in the company owning ...

Iliad in talks to sell mobile towers in France and Italy to Cellnex for EUR 2 bln

Published 07 May 2019 09:55 CET | France
France's Iliad has announced exclusive negotiations with Spanish infrastructure operator Cellnex Telecom for the sale of 70 ...

Cellnex announces EUR 1.2 bln capital hike to fund acquisitions

Published 28 Feb 2019 10:30 CET | Spain
Spanish infrastructure operator Cellnex Telecom has announced a EUR 1.198 billion capital increase to strengthen the group's ...