Cellnex Telecom Announces Sale of Irish Business

Cellnex Telecom has agreed to sell its Irish business to Phoenix Tower International for approximately 971 million euros ($1.05 billion) in a move to accelerate its debt reduction efforts.

Strategic Focus and Revenue Growth Targets

This decision comes as the Spanish telecommunications-infrastructure company embarks on a strategic portfolio review to concentrate on core markets and businesses. Looking ahead, Cellnex Telecom has outlined its objectives for revenue and earnings growth up to 2027.

Cost-Efficiency Plan and Shareholder Returns

In addition to the sale, Cellnex Telecom will roll out a cost-efficiency plan to enhance profitability. The company also plans to reward its shareholders through dividends and buybacks starting in 2026, with the possibility of earlier payouts based on its debt ratio and credit rating.

Future Growth Projections

The company has set an ambitious target of achieving revenues between EUR4.50 billion and EUR4.70 billion by 2027, with an average annual growth rate of 6%. In terms of adjusted earnings before interest, taxes, depreciation, and amortization, Cellnex Telecom aims for a range between EUR3.80 billion and EUR4.00 billion, with an average growth rate of 7%.

For the year 2024, the company is aiming for revenue (excluding energy pass-through) between EUR3.85 billion and EUR3.95 billion, along with an adjusted Ebitda range of EUR3.15 billion to EUR3.25 billion.

For more information, please visit the Cellnex Telecom website.