Cellnex integrates 2,239 locations in Switzerland Acquires Swiss Towers in consortium with Deutsche Telecom Capital Partners (DTCP) and Swiss Life Asset Managers and consolidates its position in Europe with more than 23,000 locations in Spain, Italy, France, Netherlands, United Kingdom, and now Switzerland.
Cellnex Telecom (54%) in consortium with Swiss Life Asset Managers (28%) and Deutsche Telekom Capital Partners (DTCP) (18%) has reached an agreement with Sunrise Communications International for the acquisition of 100% of Swiss Towers, a subsidiary of the Swiss mobile operator which operates 2,239 towers and sites of telecommunications in Switzerland.
The consortium led by Cellnex will invest 430 million euros (excluding box available in Swiss Towers AG), in an operation that is expanding in 2.239 towers and sites managed by the group in Europe and that already exceed the 23,000 in Spain, Italy, Switzerland, France, Netherlands and United Kingdom.
Francisco Reyn s, President of Cellnex, has impacted on the qualitative profile of an operation "that is for Cellnex consolidate our European platform in a country like Switzerland marked by stability and political and economic security, which pivot in addition countries such as France and Italy where we already have a remarkable activity. An operation in which we are also accompanied by great reputation as Swiss Life Asset Managers or DTCP partners that provide not only financial support, but primarily knowledge and access to the Swiss market, as well as other Central European countries".
The CEO of Cellnex Telecom, Tob aas Mart nez, has highlighted the strategic leap posed for Cellnex "happen to be the first independent operator of services and infrastructures for mobile telecommunications with activity in Switzerland. A country that, like other large European countries, faces the challenge of addressing the significant growth in consumption and transmission of data on mobility, incorporating this new technologies based on the small cells and the distributed antenna system (DAS), which will mark in the medium term the densification of the networks with the deployment of new equipment in parallel to the reduction of the duplication of some networks - for 2 G "and 3G primarily-, currently deployed".
In the line of the mentioned by the President of Cellnex, Tob as Mart nez has stressed "the consistency and coherence of the model of progressive introduction of the company in Europe. It is noteworthy to the criterion of geographic continuity that prints our growth. For practical purposes the six countries, with Switzerland, which are already present share physical borders, allowing you to capitalize on certain types of synergies with travel as the fact that some of our current and potential customers have in turn with a presence in several of these countries. We can develop and thus strengthen our partnership relationship":
"We greatly value the opportunity to invest jointly with Cellnex, the European leader in telecommunications infrastructure, as well as with Swiss Life an excellent Swiss partner", said Vicente Vento, co-founder and CEO of DTCP. The acquisition, continues, "this important portfolio of towers of telecommunications in Switzerland represents a landmark and benchmark agreement for DTCP Private Equity, and trust that with the planned substantial increase of data traffic and the next generation of connectivity services, the experience of Cellnex such as industrial operator and a stable macroeconomic environment, this transaction will result in a good outcome for our customers."
Stefan M chler, Chief Investment Officer (CIO) of the Swiss Life Group, has also commented "welcomed by be able to materialize this investment together with two partners of proven experience. Infrastructures constitute assets of investment long term fit perfectly into our portfolio of uninversione and in the long-term liabilities of a company that operates in the insurance sector. Technological developments and digitization are an increasing demand of infrastructure that could give output to the increasing flows of data. This transaction allows us to take advantage of these trends by obtaining an attractive return for our investment."
The Swiss market
Switzerland currently has an approximate total of 11,300 towers and sites that give service and coverage of voice and data mobility.
Swiss Towers operates 2,239 locations throughout the Swiss with a greater presence in the cantons of North and West of the country. 32% of these towers are located in urban areas and 64% in roofs that provide ideal conditions for future deployment and densification of equipment associated with the 4G and 5G.
The Swiss market of mobile telecommunications, in a way similar to the rest of the European markets, is marked by the significant data growth in mobility for which expected annual growth above 45% in the next five years.
En el contexto del acuerdo de compra de Swiss Towers por parte del consorcio liderado por Cellnex, Swiss Towers y Sunrise Communications han cerrado un contrato de prestaci n de servicios ( Master Service Agreement') de Swiss Towers a Sunrise por un periodo inicial de 20 a os ampliables en otros 20 en dos tramos de 10.
Una vez completada la transacci n y asumiendo tambi n la aportaci n de los emplazamientos y nodos a desplegar, el Ebitda anualizado se situar en el entorno de los 37 millones de euros. Con esta nueva operaci n de crecimiento el backlog (ventas contratadas) de Cellnex Telecom crecer hasta los 15.000 millones de euros desde los 12.000 actuales.
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Cellnex integrates 2,239 locations in Switzerland Acquires Swiss Towers in consortium with Deutsche Telecom Capital Partners (DTCP) and Swiss Life Asset Managers and consolidates its position in Europe with more than 23,000 locations in Spain, Italy, France, Netherlands, United Kingdom, and now Switzerland. 
