Overview

• Cellnex reported Q1 2025 revenues of €964 million, a 6.3% increase on a constant perimeter basis, with adjusted EBITDA rising to €798 million.
• Net losses grew to €49 million, attributed to provisions for an employee layoff plan affecting over 200 workers.
• The company has nearly completed its €800 million share buyback program and plans a capital reduction to enhance shareholder value.
• A €5 billion three-year investment plan was announced to improve profitability and maintain shareholder distributions.
• Following a power outage in Spain that exposed network vulnerabilities, Cellnex is evaluating improvements to backup systems for greater resilience.