- 09 Jun 2016
Cellnex Telecom (CLNX:SM) joins the IBEX® 35 Index
- The IBEX 35 Technical Advisory Committee has today approved Cellnex Telecom’s inclusion in the benchmark index of Spain’s stock exchange, the IBEX® 35
- Since its debut on the stock exchange on the 7th of May 2015, Cellnex shares have achieved a positive differential vs. the composite IBEX 35 of 22%, with a market cap of 3,3 billion Euros
Barcelona, June 9th, 2016.- The Technical Advisory Committee (TAC) of the IBEX® Indices has approved the inclusion of Cellnex Telecom (CLNX:SM) in the IBEX® 35 benchmark index of Spain’s stock exchange.
The company will join the index on 20 June 2016 and will occupy one of the vacancy left by Sacyr and OHL. The TAC’s decision has been made in accordance with the Technical Regulations for the Composition and Calculation of Indices of the Sociedad de Bolsas, S.A.
Since its debut on the Spanish stock exchange on 7 May 2015, Cellnex Telecom has maintained its initial pricing in the 14 Euros range accumulating a positive differential against the IBEX 35 of 22%. Cellnex’s current market cap reaches 3,3 billion Euros. During the IPO process and initial months of trading, the company has attracted the interest of many key international institutional investors, affording it a broad and representative shareholder base.
The reference shareholders of Cellnex Telecom include Abertis (34%), Columbia Threadneedle (7,8%), BlackRock (6.2%), CriteriaCaixa (4.62%), and Cantillon Capital Management (3%), leaving the company’s free float at 43%.
The incorporation into the IBEX® 35 index will raise the visibility of Cellnex Telecom’s shares and highlight the company’s growth plan.
Cellnex Telecom was also admitted to the STOXX 600 index at the close of October 2015. The index represents large, mid and small capitalization companies across 18 countries of the European region: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom .
About Cellnex Telecom
Since it acquired the portfolio of telecommunications towers from WIND in Italy in March 2015, Cellnex Telecom has become Europe’s leading independent operator of wireless communications infrastructure, with a total portfolio of 15,120 towers at the close of 1Q 2016.Cellnex key indicators for Q1 2016 were positive and aligned with market expectations: €165 M. in revenues (+41%), and an ebitda of €63 M. (+26%).
On May 30, Cellnex announced the agreement for the acquisition of the 261 telecommunication sites of Protelindo Netherlands. This is the company’s first deal in northern-European markets.