Now, rumours suggest that this lowered share price is attracting attention from potential rivals, with Spanish media suggesting that American Tower and Brookfield Asset Management are considering a joint takeover bid. The company’s share price has fallen almost 40% over the last year, presumably a major factor in the resignation of Martínez as CEO two weeks ago. The company has net debt of €17.1 billion and is seeking to reduce its leverage from roughly eight-times its earnings before interest, tax, depreciation and amortisation (EBITDA) to below seven-times. In November last year, Cellnex announced that its insatiable M&A spree was officially over, with CEO Tobias Martínez saying that the company now needed to “ face and beat inflation”. With interest rates on soaring, the debt used to finance Cellnex’s enormous acquisitions will need to be refinanced at a higher rate, cutting painfully into the company’s bottom line. In the last year, however, the global economy has taken a turn for the worse. It is currently the largest independent tower company in Europe, with over 130,000 thousand sites in 12 markets. Throughout this global consolidation, Spanish infrastructure giant Cellnex has emerged as one of the voracious of all towercos, buying up a huge amount of European assets, including a €10 billion deal to purchase all the European towers belonging to CK Hutchison. As a result, offloading their passive infrastructure becomes an appealing proposition, with major telecoms groups like Orange and Vodafone spinning off their tower units into independent companies. Network operators are currently in the process of rolling out expensive 5G and fibre networks, while at the same time seeing. In many ways, this activity has been driven by the broader state of the telecoms industry as a whole. In recent years, however, investor appetite for infrastructure has reached unprecedented heights, prompting enormous consolidation worldwide, particularly in Europe and Africa. Mobile towers have always been an attractive prospect for investors, with their low operational costs and steady long-term returns denoting them as relatively low risk. We respect our natural resources and promote environmentally conscious business strategies.News According to Spanish media, American Tower and Brookfield Asset Management are reportedly considering acquiring Cellnex, Europe’s largest mobile tower operator Educating and training our employees to operate in a safe and compliant manner is a top priority. We value our assets, the communities we operate in and our people. Integrity and accountability are important to us we wouldn’t conduct business without them and it’s why they are part of our Core Principles. We are grounded in the needs of today but are always looking forward and planning for the needs of tomorrow. We are a company committed to developing shared success with our partners. Our business is based upon long-term relationships-with our customers, property owners and investors. ![]() American Tower do Brasil has anticipated this need and we are growing our portfolio so we can satisfy the needs of customers in Brasil. ![]() The demand for mobile device connectivity is exploding and more sites will be necessary to keep people connected. American Tower is always improving so that it can meet the needs of customers around the world. We know that more and more sites will be needed to keep people and things connected. We are ready to support you in the future of telecommunications and to expand wireless infrastructure to 5G technology. We help to keep people and businesses connected, no matter where. ![]() Whether in places where there are no towers available or, there are restrictions for the construction of towers, we provide a series of customized alternatives, internal and external, capable of meeting the needs of network connection. We understand your need to offer the neutral infrastructure solution that best applies to your project. Our multi-tenant business model offers that enable the development and expansion of wireless connectivity between people, industries, businesses, and the Internet of Things. Wireless technology connects people, devices, and networks throughout the world.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |