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5G network Portugal: Cellnex invests € 67 million

Portugal Business News -
Cellnex invests in 5G Portugal - Portugal Business News

Portugal Business News: Investments in the Portugal Telecommunications sector - Following the licenses auction by Anacom, Cellnex and Digi agreed to invest in a 5G network in Portugal. The project is due to be completed by the end of 2023. Digi 5G routers offer an unprecedented combination of interoperability with leading-edge 5G functionality.

Cellnex Telecom already implemented 5G networks in 12 countries and is now boosting its investments in Portugal to ensure national coverage. Cellnex is an independent wireless telecommunications operator that provides the infrastructure required for operators to have access to the most advanced infrastructure in Europe. With a portfolio of around 138,000 sites, the projects that are expected to be completed by 2030 include Spain, Italy, Netherlands, France, Switzerland, UK, Ireland, Austria, Denmark, Sweden and Poland.

Cellnex is listed on the Spanish stock-exchange and is part of the IBEX35 index and of the EuroStoxx 100 index. Its shareholders include Edizione, GIC, ADIA, Canada Pension Plan, CriteriaCaixa, Blackrock, Wellington Management Group, Capital Group, FMR and Norges Bank.

Cellnex is divided into four clusters, namely telecommunications infrastructure, audiovisual networks, security & emergency solutions as well as solutions for Smart cities with the Internet of Things.

The upcoming developments in the Portugal IT industry will further contribute to its economic development with the efficient implementation of state-of-the-art connectivity that is a pre-requisite for technological advances.

In Portugal, the shift to 5G is accelerating, ushering-in a new era with higher bandwidth and cost-effective wireless networking that will ensure a frictionless transition into the future.


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