Cellnex: financial profile

Cellnex has shifted its strategy away from inorganic expansion, focusing on organic growth and the optimisation of opex and capex. Cellnex is maximising the profitability of its tower business by reassessing its portfolio. It is also expanding its non-core lines of business to include fibre to the tower (FTTT) and distributed antenna systems (DAS), which are expected to account for 15% of revenue by 2027.

Information included in this report

• Overview of Cellnex’s business strategy 
• Analysis of its opex and capex evolution between 2020 and 2025