Cellnex, 3 billion in dividends between 2026 and 2030 and celebrates funding grade | EUROtoday

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More natural development and higher profitability with a lot increased dividends: 3 billion between 2026 and 2030. Cellnex places on the desk the important thing factors of its technique for the subsequent few years. And it does so throughout an Investor Day, the primary within the final 7 years, from London, the place the CEO Marco Patuano, on the command deck since June final 12 months, referred to as the monetary neighborhood to guage the tower firm's pointers with the which the main tower firm in Europe will goal to reconcile two goals: shareholder remuneration and funding in industrial development tasks

«We are about to start Cellnex's subsequent chapter of development, constructing on the strong foundations laid by our IPO in 2015. Guided by a powerful dedication to our prospects, our shareholders and sustainability, we are actually targeted on enhancing effectivity , on the simplification of the portfolio and the enterprise and on the power to grab basic development alternatives”, declared the CEO.

Of course, everything will go through achieving S&P investment grade, for which Cellnex will undertake to “strengthen the stability sheet, speed up natural development and generate a optimistic web money move ranging from 2024”. Meanwhile, revenues are expected to reach 4.5-4.7 billion euros by 2027 compared to the 3.659 billion recorded in the 2023 fiscal year with an adjusted gross result (Ebitda) of up to 4,000 million.

In this context, the slimming treatment continues. Phoenix Tower International (Pti) has reached an agreement with Cellnex Telecom, a European wireless telecommunications infrastructure operator, to acquire 100% of Cellnex's Irish business. The value of the operation is approximately 971 million euros, based on a multiple of 24 times the gross operating margin (Ebitda). The completion of the transaction is subject to the approval of the competent authorities. Nomura acted as exclusive financial advisor to Phoenix Tower International and Blackstone, among the shareholders of Pti; Arthur Cox followed the legal aspects for Phoenix Tower International. Cellnex was assisted by Barclays and Santander for the financial aspects and by Mathenson for the legal aspects.

As for Italy, the title of the subsequent CEO arrives, though not but made official by the corporate, following the exit of Luca Luciani who moved to Telepass. Federico Protto, former CEO of Retelit who within the meantime grew to become CEO of Intred, would have been chosen for that place.