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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Cellnex Telecom, S.A.    CLNX   ES0105066007

CELLNEX TELECOM, S.A.

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Cellnex Telecom S A : entrusts Endesa to supply its energy in Spain

11/22/2020 | 12:41pm EST
Cellnex entrusts Endesa to supply its energy in Spain
  • Both companies sign a ten-year Power Purchase Agreement (PPA) for 300GWh/year.
  • A minimum of 20% of the energy contracted will be 100% produced from renewables.
  • With this agreement, both companies reaffirm their commitments to sustainability and join forces to achieve new decarbonisation goals.
  • The contractual relationship between both companies also declares that Cellnex is Endesa's preferred network management provider.

Barcelona, 22 November 2020. Endesa, the Iberian Peninsula's leading electrical utility, and Cellnex, the European leader in the telecommunications infrastructure sector, have signed a long-term bilateral Power Purchase Agreement (PPA) making Endesa the preferred supplier of 100% of Cellnex's energy in Spain for the next ten years.

This relationship of trust between both companies works both ways, as Cellnex has been declared Endesa's preferred network management supplier, as agreed and signed by the CEOs of both companies, José Bogas for Endesa, and Tobías Martínez for Cellnex. In the words of José Bogas, 'the strength of our collaboration with Cellnex makes us partners, far beyond the natural relationships between suppliers or providers. Speaking as partners with a company of Cellnex's international stature represents a very important challenge for Endesa that requires us to maintain a level of excellence in all our processes towards sustainability, decarbonisation and digitalisation.'

Cellnex CEO Tobías Martínez underscores 'the significance of an agreement that reinforces our partnership with Endesa in energy supply while also committing to specific objectives in the area of renewable energy and promoting the energy transition that allows us to achieve the objectives of reducing our carbon footprint and our impact on climate change. In this regard, it is worth remembering Cellnex's commitment to the Science Based Target (SBT) and reducing emissions to keep the increase in global temperatures below 1.5ºC.'

About Cellnex Telecom

Cellnex Telecom is Europe's leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of 61,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the United Kingdom, Ireland and Portugal.

Cellnex's business is structured in four major areas: telecommunication infrastructures services; 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)).

The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 600 indices. It is also part of the FTSE4GOOD and CDP (Carbon Disclosure Project) and 'Standard Ethics' sustainability indexes. Cellnex's reference shareholders include Edizione, GIC, ADIA, CriteriaCaixa, Blackrock, Wellington Management Group and Canada Pension Plan.

About Endesa

Endesa is the leading electricity company in Spain and the second in Portugal. It is also the second largest gas operator in the Spanish market. Its business covers all the stages from generation to marketing and, through Endesa X, also offers value added services for decarbonising energy uses in homes, companies, industries and Public Administrations.

Endesa is firmly committed to the United Nations SDGs and, as such, decisively promotes the development of renewable energy, the electrification of the economy and Corporate Social Responsibility. In this last area, we also act from the Endesa Foundation. Our human team has around 10,000 employees. Endesa is part of Enel, the largest electricity group in Europe.



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Disclaimer

Cellnex Telecom SA published this content on 22 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2020 17:40:01 UTC


© Publicnow 2020
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Sales 2020 1 601 M 1 940 M 1 940 M
Net income 2020 -47,2 M -57,2 M -57,2 M
Net Debt 2020 3 768 M 4 567 M 4 567 M
P/E ratio 2020 -567x
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EV / Sales 2020 16,7x
EV / Sales 2021 15,1x
Nbr of Employees 1 610
Free-Float 82,2%
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Cellnex Telecom, S.A. Technical Analysis Chart | CLNX | ES0105066007 | MarketScreener
Technical analysis trends CELLNEX TELECOM, S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 20
Average target price 64,20 €
Last Close Price 47,17 €
Spread / Highest target 78,1%
Spread / Average Target 36,1%
Spread / Lowest Target 6,00%
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Tobías Martínez-Gimeno Chief Executive Officer & Executive Director
Bertrand Boudewijn Kan Chairman
Sergio Tórtola Pérez Operations Director
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Pierre Blayau Independent Director
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