Report
Cellnex telecom : M&A appetite remains strong
Fundamentals are strong on an organic basis with high revenue visibility (long term inflation-linked contracts) and upside (potential for colocation), solid FCF generation and cost control. We believe that the likelihood of a rating upgrade at S&P from BB+ to BBB- is rather remote at this juncture given the group’s external growth strategy and the pipeline of potential deals, as many operators are considering to divest towers to fund FTTH/5G capex or reduce debt. On the other han...
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Pierre François Merveille
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.