Cellnex : Operating performance remains strong, results in line and guidance reiterated towards the higher end of the range
>Results in line and higher end of the guidance in sight - Cellnex’s Q3 2021 results were fully in line with our estimates (adjusted EBITDA € 531m vs € 528m), with revenues and opex also completely in line (€ 1m above and € 2m below, respectively). Organic growth remained strong, with a 6.5% increase in PoPs in 9M excluding acquisitions, which reinforces the >5% growth expected for the next few years. The previous guidance, which is completely in line with our F...Cellnex Telecom SA is a Spain-based company engaged in the wireless telecommunications (telecom) business. Its activities are divided into three segments: Broadcasting infrastructure, Telecom site rental, as well as Network services and other. The Broadcasting infrastructure division comprises distribution and transmission of television (TV) and frequency modulation (FM) radio signals, operation and maintenance (O&M) of radio broadcasting network, as well as over-the-top (OTT) radio services, among others. The Telecom site rental division provides access to wireless infrastructure, primarily through infrastructure hosting and telecom equipment co-location, mainly for mobile network operators and other wireless and broadband telecom network operators. The Network services and other division offers connectivity services for a variety of telecom operators and radio communication, among others. The Company also develops 5th generation mobile networks (5G) through Alticom BV.
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.
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