Cellnex IPO a landmark in the emergence of a European tower industry

Reflecting on Cellnex's successful debut on the Madrid Stock Exchange, raising almost US$2bn to fund further acquisitions and create an ‘American Tower for Europe’

Read this article to learn:

  • How Cellnex has adapted the proven towerco playbook for Europe
  • Where TowerXchange foresee opportunities for further inorganic growth in European towers
  • The encouraging tenancy ratio growth delivered by the telecom sites business unit of Cellnex
  • Snapshots of the Spanish and Italian tower markets, including tower counts and opportunities for further acquisitions
  • TowerXchange’s verdict on the investibility of Cellnex

By Kieron Osmotherly, Founder & CEO, TowerXchange: Since 2012, Cellnex (formerly Abertis Telecom) has acquired 2.5x as many towers as all their competitors combined in large-scale sale and leaseback transactions in Europe. Initially motivated and inspired by the American Tower success story, Cellnex has since stood toe-to-toe to outbid the global tower giant to secure…

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