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M&A Deal Summary

Boldyn Acquires Edzcom

On November 10, 2023, Boldyn acquired communications company Edzcom from Cellnex Telecom

Acquisition Highlights
  • This is Boldyn’s 1st transaction in the Communications sector.
  • This is Boldyn’s 1st transaction in Finland.

M&A Deal Summary
Date 2023-11-10
Target Edzcom
Sector Communications
Buyer(s) Boldyn
Sellers(s) Cellnex Telecom
Deal Type Divestiture
Advisor(s) PwC Corporate Finance (Financial)
Bird & Bird (Legal)

Target

Edzcom

Espoo, Finland
Edzcom designs builds, and operates private wireless networks for industrial clients, mainly in manufacturing, ports, oil and gas, energy generation and mining. Edzcom was founded in 2014 and is based in Espoo, Finland.

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Buyer(S) 1

Buyer

Boldyn

London, United Kingdom
Category Company
Sector Communications
DESCRIPTION

Boldyn is a neutral host provider, delivering the advanced shared network infrastructure needed for a smart, inclusive, and sustainable future. Boldyn is based in London, England.

DEAL STATS #
Overall 1 of 3
Sector: Communications M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Apogee

Austin, Texas, United States

Apogee is a provider of on-campus residential networks and video solutions in higher education. The company’s suite of solutions, designed from the ground up to meet the needs of today’s students, include residential networks, IPTV and curated campus content. Apogee was founded in 1999 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Cellnex Telecom

Madrid, Spain
Category Company
Founded 2008
Sector Communications
Employees2,642
Revenue 4.1B EUR (2024)
DESCRIPTION

Cellnex Telecom, is an operator of wireless telecommunications infrastructures with a portfolio of 45,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Nether-lands, France, Switzerland, and the United Kingdom. Cellnex Telecom was founded in 2008 and is based in Madrid, Spain.

DEAL STATS #
Overall 2 of 3
Sector: Communications M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Finland M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Cellnex Nordics

Stockholm, Sweden

Cellnex Nordics provides mobile network operators with colocation services for their wireless networking equipment through a network totalling 4k+ sites across Sweden and Denmark today. The Cellnex Nordics business holds commitments and options to build and operate approximately 2,500 additional sites in the region, positioning it well for continued organic growth. Cellnex Nordics is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Cellnex Ireland

Dublin, Ireland

Cellnex Ireland’s telecom sites are being used in the implementation of the National Broadband Plan and supporting the roll out of Business Connection Points (BCPs) to deliver free high-speed internet access in some of the most isolated and rural communities in the country. Cellnex Ireland was founded in 2019 and is based in Dublin, Ireland.

Sell -
Mergr

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