In 2020, Cellnex plans to build 200 new telecoms infrastructure towers across Ireland. The overall goal is to invest €60m into building 600 new sites in Ireland by 2026.
In September 2019, Irish telecoms infrastructure Cignal was acquired by Cellnex Telecom in a deal worth €210m.
Cignal was founded in 2015, following the acquisition of 300 tower locations from Coillte. In September, the company was responsible for 546 telecoms tower sites across Ireland.
After the company was acquired by Cellnex, it said that the investment will be used to help reduce coverage black-spots and improve broadband access around Ireland, with Cignal’s existing management team and staff maintaining their roles in the business.
On Monday (2 December), Cignal announced plans to build an additional 200 towers across Ireland in 2020. It will also rebrand as Cellnex, taking on the name of the company that acquired it earlier this year.
Cellnex plans to invest €60m to build up to 600 new sites in Ireland by 2026. By the end of this year, the portfolio will have increased from 546 telecom sites when the acquisition was announced, to over 600 sites.
Across Europe, Cellnex Telecom has a portfolio of more than 46,000 telecom sites in countries such as Ireland, Spain, Italy, the Netherlands, France, Switzerland and the United Kingdom. By 2027, the company plans to raise this figure to 53,000.
In a statement, Cellnex said: “Despite the brand change, the company’s mission and long-term approach remains unchanged as it is fully aligned with Cellnex’s mission and vision: to roll-out new telecoms infrastructure in communities that are currently poorly served, so that operators can provide enhanced mobile and broadband services.”
Upon announcing the news, Cellnex also said it is “exploring offering additional services to customers in Ireland,” including services like fibre infrastructure, indoor coverage improvement solutions and smart city infrastructure deployments that could offer local councils technology to assist in the provision of services including waste collection and traffic management.
‘An exciting milestone’
Colin Cunningham, managing director of Cellnex in Ireland, said: “This is an exciting milestone in the expansion of the business. With the backing of Cellnex we will be able to provide improved mobile reception and broadband speeds to communities all over Ireland.
“News about the impact our towers make is spreading fast by word of mouth and we are now regularly approached by people asking us to come and help their community get better connectivity.”
Tobias Martínes, CEO of Cellnex, said: “We are pleased to welcome Cignal into the Cellnex family of companies. Our ambitious plans will see our portfolio of towers in Ireland nearly double by 2026. Our mission is to work with operators to provide infrastructure in new locations so that they are able to offer improved mobile connectivity and data speeds to their customers.”