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Cellnex Telecom (XMAD:CLNX) Accounts Payable & Accrued Expense for Financial Companies


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What is Cellnex Telecom Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Cellnex Telecom (XMAD:CLNX) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cellnex Telecom SA (XMAD:CLNX) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
Address
Passeig Zona Franca, 105, Barcelona, ESP, 08038
Cellnex owns and operates more than 100,000 wireless towers in Europe, resulting from continued M&A activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in more than 10 European countries as of March 2023, including France, Italy, Spain, Poland, the United Kingdom, Switzerland, and Portugal. Cellnex's strategy is to acquire portfolios from MNOs and lease the towers back to them through long-term contracts, which provide high cash flow visibility and inflation protection.