Mediacentre
- 30 Mar 2016
- ·
- Global
Cellnex Telecom bonds will be eligible for the ECB’s high-quality corporate bond purchase programme
Cellnex Telecom bonds will be eligible for the ECB’s high-quality corporate bond purchase programme
Barcelona, 31 March 2016.– Cellnex Telecom, the global telecommunications and broadcasting infrastructures leader, has joined the list of corporate bonds eligible for discount at the European Central Bank.
This action falls within the Corporate Sector Purchase Programme (CSPP), which on 10 March completed the Asset Purchase Programme (APP) already deployed by the ECB. More details of both programmes can be found on the European Central Bank’s website:
https://www.ecb.europa.eu/press/pr/date/2016/html/pr160310_2.en.html
The announcement of the inclusion was released yesterday march 30th 2016 (http://mfi-assets.ecb.int/resultEa)and is consistent with Fitch’s “investment grade” (BBB-) rating for Cellnex bonds.
About Cellnex Telecom
On 19 February Cellnex Telecom presented its results for the financial year 2015, the first following the segregation of Abertis Infraestructuras and the flotation of the company on 7 May 2015. Of note were the 40% increase in revenue to € 613 million, and growth in recurring EBITDA to € 235 million (up 32%). Net profit stood at € 48 million. Cellnex generates 35% of its revenue in Italy
Since it acquired the portfolio of telecommunications towers from WIND in Italy in March 2015, Cellnex Telecom has become Europe’s leading independent operator of wireless communications infrastruc-ture, with a total of 15,119 towers. Cellnex operates in three business areas: mobile telephony infra-structures; audiovisual broadcasting networks; and security and emergency service networks and so-lutions for smart urban infrastructure and services management (smart cities and the “Internet of Things” (IoT)).