Report
Pierre François Merveille

Cellnex telecom : Undeterred M&A appetite

Cellnex benefits from solid fundamentals given its leading position in Europe in the telecom tower market, high revenue visibility, low tenancy ratio, positive FCF generation and cost control. These strengths are balanced by the group’s strong appetite for new assets, which led to the announcement of several multi-billion deals in the past quarters (Arqiva in the UK, Altice France, CK Hutchison in 6 countries, Play and Polkomtel in Poland). That being, said, we take comfort from ...
Provider
Oddo BHF
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.

Analysts
Pierre François Merveille

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