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    CLNX   ES0105066007

CELLNEX TELECOM, S.A.

(CLNX)
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Cellnex's Potential Acquisition of CK Hutchison Assets Raises Competition Concerns

07/13/2021 | 12:41pm EDT

By Sabela Ojea

The U.K.'s Competition and Markets Authority said Tuesday that Cellnex Telecom SA's proposed acquisition of CK Hutchison Holdings Ltd.'s U.K. passive telecommunications infrastructure assets raises competition concerns.

The regulator said the investigation--which was launched in May--determined that the transaction raises concerns in relation to the independent supply of assets, noting that this could result in a lessening of competition in the country.

"Cellnex is already the largest independent supplier of mobile towers in the UK. We're concerned that this deal could help to lock in this position and prevent the emergence of new direct competition," said Mike Walker, chief economic adviser at the CMA.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

07-13-21 1240ET

Stocks mentioned in the article
ChangeLast1st jan.
CELLNEX TELECOM, S.A. -0.38% 57.78 Delayed Quote.35.73%
CK HUTCHISON HOLDINGS LIMITED 0.77% 52.1 End-of-day quote.-3.70%
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More news
Analyst Recommendations on CELLNEX TELECOM, S.A.
More recommendations
Financials
Sales 2021 2 506 M 2 941 M 2 941 M
Net income 2021 -91,5 M -107 M -107 M
Net Debt 2021 12 463 M 14 627 M 14 627 M
P/E ratio 2021 -421x
Yield 2021 0,10%
Capitalization 39 387 M 46 224 M 46 227 M
EV / Sales 2021 20,7x
EV / Sales 2022 15,8x
Nbr of Employees 2 247
Free-Float 87,6%
Chart CELLNEX TELECOM, S.A.
Duration : Period :
Cellnex Telecom, S.A. Technical Analysis Chart | CLNX | ES0105066007 | MarketScreener
Technical analysis trends CELLNEX TELECOM, S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 58,00 €
Average target price 63,79 €
Spread / Average Target 9,98%
EPS Revisions
Managers and Directors
Tobías Martínez-Gimeno Chief Executive Officer & Executive Director
José Manuel Aisa Mancho CFO & Director-Corporate Development
Bertrand Boudewijn Kan Non-Executive Chairman
Sergio Tórtola Pérez Global Operations Director
Pierre Blayau Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CELLNEX TELECOM, S.A.35.73%46 235
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