Cignal rebrands as cellnex and plans to build an additional 200 towers next year.

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· Over 50% of people in rural areas have problems with their mobile signal
· Over 50 new towers to be completed before year end
· €60m to be invested in expanding the tower portfolio

Cignal, Ireland’s fastest growing provider of telecommunications infrastructure, is rebranding to Cellnex, taking the name of the business that acquired it in September.

Cellnex Telecom is Europe’s leading operator of wireless telecommunications and broadcasting infrastructure and is listed on the Spanish stock exchange. It has an existing portfolio of 46,000 telecom sites located in Ireland, Spain, Italy, Netherlands, France, Switzerland, and the United Kingdom — and this will rise to 53,000 with planned deployments by 2027.

Cellnex is committed to investing €60m to build up to 600 new sites in Ireland by 2026. By the end of this year the portfolio will have increased from 546 telecom sites when the acquisition was announced, to over 600 with an additional 200 sites planned in 2020.

Despite the brand change the company’s mission and long-term approach remains unchanged as it is fully aligned with Cellnex’s mission and vision: to rollout new telecoms infrastructure in communities that are currently poorly served, so that operators can provided enhanced mobile & broadband services.

Research published earlier this month by Comreg shows that over 50% of people living in the most rural parts of the country experience loss of their mobile signal on a daily basis1.

Cellnex is also exploring offering additional services to customers in Ireland, including fibre infrastructure, indoor coverage improvement solutions and Smart City infrastructure deployments that could offer local councils technology to assist in the provision of services including waste collection and traffic management.

Colin Cunningham, Managing Director of Cellnex in Ireland said:

“This is an exciting milestone in the expansion of the business. With the backing of Cellnex we will be able to provide improved mobile reception and broadband speeds to communities all over Ireland. News about the impact our new towers make is spreading fast by word of mouth and we are now regularly approached by people asking us to come and help their community get better connectivity.”

Tobias Martínez, CEO of Cellnex said:

“We are pleased to welcome Cignal into the Cellnex family of companies. Our ambitious plans will see our portfolio of towers in Ireland nearly double by 2026. Our mission is to work with operators to provide infrastructure in new locations so that they are able to offer improved mobile connectivity and data speeds to their customers.”

Speeds of greater than 150mbps are now possible through Mobile and Fixed Wireless Broadband solutions, compared to 20mbps 5 years ago, meaning video streaming, social media, HD movie downloads and other bandwidth hungry applications can be supported without lengthy buffering or loss of connection. Nonetheless continuous investment is required given ComReg’s forecast that the demand for mobile data in Ireland will grow at an average of 32% per year up to 20222.

Cellnex’s ongoing investment programmes support the objectives of the Mobile Phone and Broadband Taskforce established by the Government in 2016 to identify solutions to mobile phone coverage deficits across the country.