Motivated by the impressive performance of its recently acquired Italian operation, Spain's Cellnex is planning to expand throughout the terrestrial telecom markets in Western and Central Europe.
At the presentation of its 2015 financial results, Cellnex confirmed that it plans consolidation in Spain and Italy as well as starting operations in Germany, the UK, France, Portugal, the Netherlands, Belgium, Austria and Switzerland.
During its first year as an independent company – it was an Abertis's subsidiary – and after going public, Cellnex has seen an increase in revenue of 41% compared with 2014, totalling €613 million, €250 million of which was generated by the audiovisual business – mostly terrestrial broadcasting networks.
However, profits fell by 25% in the same period, reaching €45 million compared with €60 million in 2014. Cellnex attributed this to the closure of nine DTT networks in Spain and the purchase of nearly 8,000 telephone towers in Italy.
The group expects to continue growing in both the DTT and mobile markets, particularly after Spain's recent TV licences bid, which has seen six new channels enter the country's free-to-air (FTA) TV scenario.