- 02 Nov 2015
Cellnex Telecom admitted to the STOXX 600 index
Barcelona, November 2, 2015. – Cellnex Telecom, (CLNX), a leading European independent operator of wireless communications infrastructure, today announces that it has been admitted to the STOXX 600 at the close of 30 October 2015.
Cellnex’s admission follows its positive performance as highlighted in its Q3 results where, the company reported a 42% increase in revenues to € 453 million and growth in recurring EBITDA to 176 million (up 33%) demonstrating the company’s solid track record since the IPO earlier this year. The company replaces Pirelli which exits the FTSE All World, FTSE MIB and Stoxx 600.
The STOXX Europe 600 Index is derived from the STOXX Europe Total Market Index (TMI) and is a subset of the STOXX Global 1800 Index. With a fixed number of 600 components, the STOXX Europe 600 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 last March, Cellnex Telecom has a leading European independent operator of wireless communications infrastructure, with a total portfolio of 15,140 towers.
Cellnex classifies its activities into three areas: Mobile telephony infrastructures; audiovisual broadcasting networks; security and emergency service networks and solutions for smart urban infrastructure and services management (smart cities and the “Internet of Things” (IoT)).
In 2014, company turnover was € 436 million and gross operating profit (EBITDA) stood at € 178 million. 57% of total revenue was generated by broadcasting infrastructure (€ 250.35 million); 24% by mobile telephony infrastructures activity (€ 106.5 million); and 18% by network services (€ 79.16 million).