Boldyn Networks closes acquisition of Cellnex's private networks business

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Mar 01, 2024, 04:30 ET

The bold move places the neutral host leader at the centre of the growing private networks market

LONDON, March 1, 2024 /PRNewswire/ -- Boldyn Networks (Boldyn) today announced the close of its acquisition of Cellnex's private networks business unit. This largely includes Edzcom, a Finnish pioneer and European market leader that designs, builds, and operates private 4G and 5G networks across enterprise customers in the manufacturing, transport hubs, oil and gas, energy generation, and mining industries. This bold move positions the neutral host leader as a key player in the growing private networks market and widens its portfolio of wireless solutions.

With this acquisition, Boldyn is obtaining a portfolio of more than 50 private networks implementations in Finland, France, Germany, Spain, Sweden, and the UK for world-class enterprises. These dynamic private networks enable industry 4.0 innovation for customers by interconnecting assets, people, and equipment in an agile, sustainable, and safe way. Closing of this acquisition also builds on Boldyn's 5G overall strategy goals.

"At Boldyn, we're leading the way in reimagining and deploying the wireless public, hybrid and private networks underpinning our customers' digital transformations," said Igor Leprince, Group CEO of Boldyn Networks. "By bringing Cellnex's private networks business unit under the Boldyn umbrella, not only are we acquiring additional expertise, but growing our capability to interconnect the most complex environments. From heavy industry facilities, transport systems, city-wide networks and large venues to ports and nuclear power plants, we continue to be the neutral host partner of choice for our customers."

Mikko Uusitalo, CEO of Edzcom, said: "We're excited to join Boldyn Networks to further develop our combined leading private networks expertise and offering. Boldyn is disrupting the industry with an impressive portfolio of neutral host solutions, which gives us the opportunity to continue in our innovation journey. And with the private networks market opportunity growing at an accelerated pace, I have no doubt we'll grow stronger, and continue entering new markets, always with our customers at the centre."

Cellnex's private networks business unit -the Edzcom team- will become part of Boldyn's Group Strategy team as a strategic part of the company's future growth.

To this end, Justin Berger, Group CSO for Boldyn said: "Cellnex's private networks business unit is a perfect addition to the Boldyn family as we strive to provide more top-tier connectivity to power industrial transformation. We'll increasingly see bespoke private networks enable 5G use cases. Like enterprise automation, advanced robotics, video surveillance, smart IoT devices working in large areas, employee safety, and many others. Private 5G networks provide secure connectivity to unlock new services and the ability for customers to control and monitor the network in real time."

"We can't wait to contribute with developing more 5G use cases that can drastically improve efficiency and productivity across many sectors," he added.

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About Boldyn Networks

Boldyn Networks is one of the world's largest neutral host providers, delivering the advanced shared network infrastructure needed for a smart, inclusive, and sustainable future. It brings together the combined scale and expertise of seven leading companies with a single purpose: to unlock the power of an interconnected future. From interconnected transit, venues and enterprises to smart cities, next-generation, and bespoke private networks, Boldyn enables new possibilities in the way people live, work and play. Bringing connectivity to the most complex environments. Our portfolio is harnessing fibre, advancing 4G/LTE, accelerating 5G, preparing for 6G–and looking beyond to the next breakthroughs. With headquarters in the UK our global operations span North America, Europe, and Asia. Boldyn Networks. Reimagine tomorrow. Transform today.

Learn more at: www.boldyn.com

About Cellnex Telecom

The efficient deployment of next-generation connectivity is essential to drive technological innovation and accelerate inclusive economic growth. Cellnex is the independent wireless telecommunications and broadcasting infrastructures operator that enables operators to access Europe's most extensive network of advanced telecommunications infrastructures on a shared-use basis, helping to reduce access barriers for new operators and to improve services in the most remote areas.

Cellnex manages a portfolio of around 135,000 sites —including forecast rollouts up to 2030– in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, Ireland, Portugal, Austria, Denmark, Sweden and Poland. Cellnex's business is structured in four major areas: telecommunications infrastructure services; audio-visual broadcasting networks, security and emergency service networks and solutions for smart urban infrastructure and services management.

The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 100 indices. It is also present in the main sustainability indexes, such as DJSI, CDP, Sustainalytics, FTSE4Good and MSCI.

For more information: http://www.cellnex.com/

For media enquiries: [email protected]

SOURCE Boldyn Networks