Cellnex Telecom (XMAD:CLNX) Construction In Progress : €1,312 Mil (As of Dec. 2023)

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What is Cellnex Telecom Construction In Progress?

Cellnex Telecom's quarterly construction in progress declined from Jun. 2023 (€1,381 Mil) to Sep. 2023 (€0 Mil) but then increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€1,312 Mil).

Cellnex Telecom's annual construction in progress increased from Dec. 2021 (€724 Mil) to Dec. 2022 (€1,517 Mil) but then declined from Dec. 2022 (€1,517 Mil) to Dec. 2023 (€1,312 Mil).

Cellnex Telecom Construction In Progress Historical Data

The historical data trend for Cellnex Telecom's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cellnex Telecom Construction In Progress Chart

Cellnex Telecom Annual Data

Trend

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Dec23

Construction In Progress

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153.24

347.92

723.65

1,517.28

1,312.08

Cellnex Telecom Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															1,517.28	-	1,380.82	-	1,312.08

Cellnex Telecom Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Cellnex Telecom (XMAD:CLNX) Business Description

Industry

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Address

Passeig Zona Franca, 105, Barcelona, ESP, 08038

Website

https://www.cellnextelecom.com

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.

Cellnex Telecom (XMAD:CLNX) Headlines

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