Cellnex: Revenues grow 55% to €1.6 billion

Cellnex Telecom has presented its results for the close of the financial year 2020. According to a statement from the company, revenue stood at €1.608 billion (+55%) and EBITDA €1.182 billion (+72%).”The net accounting result was negative (€-133 million) due to the effect of higher amortisations -practically double those of 2019- (+94% vs 2019) and financial costs (+83% vs 2019) associated with the intense process of acquisitions and the consequent geographic expansion,” Cellnex said.

Today, the company announced a new agreement to acquire Polkomtel Infrastruktura, in Poland. Polkomtel operates telecom towers and voice and data transmission equipment and the transaction involves an investment of around €1.6 billion, Cellnex said. ANSA