Netmore and Cellnex UK are transforming IoT network coverage with LoRaWAN gateways on 200 street poles, enhancing connectivity for smart water meters. Netmore’s partnership with Yorkshire Water aims to replace 1.3 million meters, benefiting 360,000 households.
Cellnex is nearing the sale of its Austrian operations, with multiple offers on the table and advanced negotiations underway. This news, alongside strong first-half financial results, boosted investor confidence despite a net loss of €418 million. The sale is part of Cellnex’s strategy to divest non-core assets and focus on debt reduction and organic growth, resulting in improved revenues and reduced net debt.
Vodafone and Virgin Media O2 have signed a long-term agreement with Cellnex UK to enhance their mobile network infrastructure. This partnership allows both operators comprehensive access to extensive tower networks, boosting VoIP capabilities.
Cellnex, the infrastructure titan, is considering the sale of tower assets in Austria and Ireland in a push to offload financial burdens and deepen roots in the European market. This shift in focus, triggered by last year’s UK Hutch deal completion, aims for organic growth, investment-grade rating, and debt management via strategic divestments. CEO Patuano hints future cash generation post 2027 and potential interest in bidding for Deutsche Telekom’s GD Towers business, crafting a more efficient operational blueprint.
In a surprising shift, Cellnex decides to offload its private networks niche to Boldyn Networks, refocusing its operations back to its base business of towers. This comes despite previously earmarking the private networks sector as critical for growth and the Superlative successes recorded by Edzcom, the Finnish-based firm that designs and runs 4G and 5G networks. This transition aims to trim the company’s debt. In contrast, Boldyn Networks is ready to capitalize on the promising growth in 5G private networks, projected to hit $109.4 billion by 2030.
The telecommunications realm of Sweden and Denmark is on the brink of a substantial transformation, with Stonepeak’s impending acquisition of a 49% stake in Cellnex Nordics. Despite alterations in ownership, operational management remains with Cellnex. However, the agreement awaits regulatory approval, with full expectancy of completion by Q1 2024. The funding injection is anticipated to bolster Cellnex’s debt reduction strategy, aiming for a coveted S&P investment grade credit rating. Both parties share a positive outlook, viewing this step as critical in Cellnex’s broader shift towards consolidation.
Cellnex, an esteemed telecom infrastructure supplier, is collaborating with Forever Manchester to foster digital inclusion, introducing two funds focused on nurturing related projects across Manchester. Reflecting the principles of the Greater Manchester Digital Inclusion Strategy, these funds could support various efforts such as improving online access for job seekers or distributing recycled computers.
Cellnex, the Spanish infrastructure giant, is rumored to be considering a sale of a minority stake in its Nordic operations, specifically Sweden and Denmark. With nearly €1 billion at stake, this move aligns with earlier sentiments expressed by CEO Marco Patuano. Combining this potential sale with recent acquisitions, loan procurements and collaborations, Cellnex aims to streamline its operations, tackle its massive debts and redefine its strategy for the European tower infrastructure market. Let’s delve deeper into the winding paths and potential outcomes at the upcoming Total Telecom Congress.
Ericsson plans a €155 million investment for a smart manufacturing hub in Tallinn, Estonia. BT will reduce its workforce by 1,100 at Adastral Park while investing in modernization. Cellnex acquires full control of OnTower Poland, expanding its tower portfolio. Unicon launches an enhanced partner program for resellers in end-user computing. NEC introduces a generative AI service to drive business transformation.
MessageBird acquires 2 companies The cloud messaging platform, MessageBird, has announced the acquisition of two companies that will increase its customer engagement portfolio. The goal of MessageBird is to improve communications between companies and their customers. Their multi-channel technology aims to give customers the opportunity to communicate with the business in a way they like, rather than limiting the business to the currently-preferred method. Buying 24sessions and Hull provides MessageBird with even more possibilities. The company believes that consumers prefer to use messaging rather than voice calls and are proposing that businesses use this method of communication to cater to customers. Read more at: https://tinyurl.com/9nedkjns ETSI published TR 103 639 for timeslicing The European Telecommunications Standards Institute (ETSI), known for its universally accepted standards such as UMTS, 4G and TETRA, has published TR 103 639. The technical report describes a system and metrics for timeslice measurement methodologies for assessing the…
