Cellnex statement on Vodafone-Zegona agreement

We are pleased to announce the renewal of our framework agreement with Vodafone Spain, a long-standing organically acquired customer hosted on our infrastructure for many years. The agreement covers approximately 2,000 existing Points of Presence (PoPs) and has now been successfully extended for an additional 10 years under unchanged technical and financial terms.

This renewal is a strong endorsement of the quality of our infrastructure, the resilience of our industrial partnerships, and our ability to support our customers’ long-term network requirements. It also reinforces the critical role that independent tower operators play in enabling the ongoing deployment, densification and enhancement of 5G networks across Europe.

As we are seeing across our European footprint, mobile network operators continue to require additional sites to improve coverage, capacity and service quality, particularly in dense urban areas. Following a competitive commercial process, we reached an agreement under which Cellnex will additionally host a small fraction of the legacy 2,000 site base on its existing sites, in the order of the low hundreds.

Importantly, Cellnex will not invest to replicate existing sites. Any incremental revenue contribution is expected to materialise only after 2028. Furthermore, any additional PoPs contracted by Vodafone Spain will be deployed under the same commercial principles and framework governing the renewed agreement.

This agreement further reinforces Cellnex’s proven ability to consistently renew and extend long-term customer contracts, reflecting the strength of our industrial partnerships, the strategic importance of our infrastructure, and the trust that our customers place in Cellnex as a long-term partner to support their network evolution and connectivity ambition.

About Cellnex

Cellnex is Europe’s leading operator of telecommunications infrastructure, enabling mobile network operators to access an extensive and efficient shared network. This lowers barriers to entry, enhances coverage across urban and rural areas, and supports the sustainable roll‑out of digital services.

In addition to its core activity in towers and sites, Cellnex offers a broad portfolio of connectivity solutions that includes radio and television broadcasting services, emergency and public safety networks, in‑building coverage, even in complex environments, and infrastructure for transport networks that strengthen its position as a strategic partner in advancing connectivity and Europe’s digital transformation.

The company currently manages a portfolio of more than 113,000 sites, without including planned deployments through 2030, across 10 European countries, with a strong presence in Spain, France, the United Kingdom, Italy and Poland. Cellnex is listed on the Spanish stock exchange, is a constituent of the IBEX 35 and Euro Stoxx 100and holds significant positions in leading sustainability indices such as Sustainalytics, MSCI, S&P Global CSA, Ecovadis and CDP.

For more information: 
Corporate and Public Affairs Department

Corporate Communications

communication@cellnextelecom.com