DOCSLIB.ORG

Cellnex Telecom Overview Presentation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Cellnex Telecom Overview Presentation Cellnex Telecom Overview Presentation APRIL 2015 192 21 216 73 240 125 Table of Content 186 88 245 163 127 13 1 Key Business Highlights....................3 2 Strategy & Business Model..............15 232 182 208 106 3 Financials........................................22 208 106 4 Annex..............................................48 255 223 174 108 101 0 179 52 191 65 205 80 192 21 216 73 240 125 186 88 245 163 127 13 Key Business Highlights 232 182 208 106 1 208 106 255 223 174 108 101 0 179 52 191 65 205 80 A Well-Balanced Business Mix Business Model Diversified Across 3 Attractive Segments Serving Blue-chip Customers 192 21 216 73 240 125 Telecom Site Rental Broadcasting Infrastructure Network Services & Other • Site rental for telecoms equipment • Distribution and transmission of • Public Protection and Disaster Relief DTT(1) and radio signals (PPDR) services Key Services • Rationalization / decommissioning of tower sites • Operations & Maintenance (O&M) • Telecom site connectivity and O&M 186 88 Offered • Built-to-suit site construction • Connectivity services to broadcasting • Internet of Things (IoT), Smart Cities 245 163 sites and Other 127 13 • Contract term: up to 25(1) years for • Contract term: typically 5 years • Contract term: 2–10 years anchor tenant Typical • Pricing: generally linked to inflation • Pricing: generally linked to inflation Contract - 100% renewal rate historically(2) • Pricing: linked to inflation Terms 232 182 • Energy costs mostly treated as pass 208 106 through 208 106 Selected Customers 255 223 174 108 €976MM(3) 101 0 (3) Revenue €548MM (4) Backlog €229MM(3) (FY2014) 179 52 191 65 Source: Company information 1 1 1 (1) Including extensions. Base contract length of 10 years with two extensions of 10 years and 5 years. 205 80 (2) Refers to renewal rate of Master Lease Agreements with mobile operators over the last ten years. (3) As of December 2014. (4) Revenue backlog measures the total sum of the contracted revenue excluding CPI effects and extensions as of December 2014. Includes rental and energy pass-through based on the Company’s historical data for fiscal year 2014. Revenue backlog data is drawn from the principal contracts which represent c. 90% of the 2014 revenue base (the remaining 10% related to many smaller contracts not being included in the calculation). Assuming the contracts taken into account for purposes of the backlog calculation were renewed (by Cellnex, counterparties or both, as the case may be) to their maximum permitted terms, revenue backlog, excluding CPI effects, would have been c. €2.1Bn for Telecom Site Rental as of December 31, 2014. Revenue backlog as of any particular date may not be indicative of actual results of operations for any succeeding periods. Overview Presentation Cellnex 4 Unique and Dense Nationwide Portfolio of Sites and Network Assets 192 21 216 73 (1) 240 125 Attractive portfolio of 15,170 high quality sites shared across services 11,402(1) 186 88 Telecom: Broadcasting: 245 163 (1) (3,704 in Spain and 7,698 in Italy) 127 13 13,591 2,922 232 182 208 106 1,035 208 106 1,303 255 223 437 174 108 101 0 717 147 129 179 52 191 65 Network Services: 1,430 205 80 Tower portfolio interconnected by high speed, fully redundant fiber network and microwave links Source: Company information (1) As of December 2014, pro-forma for Volta Extended Phase II (300 sites in Spain) and Galata (7,377 sites in Italy) acquisitions. Overview Presentation Cellnex 5 Telecom Site Rental Differentiated Portfolio of Telecom Sites 192 21 216 73 240 125 Nationwide Coverage Adapted to Topology Indoor / Densification Urban & Rural(1) Rooftop & Towers(1) Small Cells & DAS(2) 186 88 245 163 • Nationwide coverage throughout Spain • Tower structure fit to topological • Small cells addressing the growing need 127 13 and Italy conditions for densification in urban areas • Unique rural sites addressing mobile • Highly attractive rooftop locations able • In-door systems such as DAS or operators coverage obligations to host more than one tenant in-tunnel sites 232 182 208 106 208 106 42% 67% 30% 58% 255 223 174 108 3% (3) (4) 101 0 Rural Urban Tower Rooftop Portable 44% of telecom sites in Spain have no competing towers within a radius of 1 km in rural areas(1)(3) 179 52 24% of telecom sites in Spain have no competing towers within a radius of 150 – 750(5) meters in urban areas(1)(4) 191 65 205 80 Source: Company information (1) As of December 2014, pro forma for the Galata acquisition and excluding TowerCo sites in Italy and sites from Project Volta Extended Phase II in Spain. (2) DAS refers to Distributed Antenna System. (3) Defined as areas with less than 25,000 inhabitants. (4) Defined as areas with more than 25,000 inhabitants. (5) Radius with no competing towers depends on population density and can range from 150 meters (areas with more than 250,000 inhabitants) to 750 meters (areas with 25,000-100,000 inhabitants). Overview Presentation Cellnex 6 Telecom Site Rental Overview of Cellnex’s Site Evolution 192 21 216 73 (1) 240 125 Telecom Sites Evolution PoP Evolution 0.0% 0.0% 0.8% 19.3% 0.0% 0.0% 1.3%0.8% 15.9%19.3% 186 88 2.6% 5.2% 8.7% 9.3% 2.4%2.6% 6.0%5.2% 10.7%8.7% 11.7%9.3% 245 163 127 13 13,591 19,896 1,597 3,436 232 182 208 106 208 106 7,698 10,680 9,383 5,914 3,436 1,597 6,804 255 223 3,979 767 321 174 108 4,608 2,768 1,597 3,398 101 0 7,077 1,597 3,996 4,296 3,333 6,477 2,382 3,406 1,171 1,275 179 52 2012A 2013A 2014A PF 2014A 2012A 2013A 2014A PF 2014A Hybrid / Other Hybrid / Other (1)(2) (1)(2)(1 )(2) 191 65 Projects with Mobile Operators (Italy) ATTCellnex Share Share (Italy) (Italy) Projects with Mobile Operators (Italy) ATTCellnexShare Share (Italy) (Italy) 205 80 Projects with Mobile Operators (Spain) ATTCellnex Share Share (Spain) (Spain)(1)(2)(1)(2) Projects with Mobile Operators (Spain) ATTCellnexShare Share (Spain) (Spain)(1)(2)(1 )(2) Source: Company Information (1) Market share based on sites in relation to projects with mobile operators only. (2) As of December 2014, pro-forma for Volta Extended Phase II (300 sites and 600 PoP in Spain) and Galata (7,377 sites and 8,616 PoP in Italy) acquisitions. Overview Presentation Cellnex 7 Telecom Site Rental Significant Growth Momentum in Telecom Site Rental 192 21 216 73 240 125 Evolution of Telecom Site Rental Revenues Key Highlights €MM • Multiple strategic acquisitions delivering transformational growth 186 88 . 245 163 Galata • Segment continued to benefit from attractive market 127 13 fundamentals − Spanish PoP growth of 7.2% CAGR over 2012-14(1) 232 182 − Overall Cellnex tenancy ratio growth of 4.2% over 2012- Full Year Adjustments for: 14 208 106 . Phase II and III of Project Volta 208 106 . TowerCo • Revenue streams with CPI indexation providing secured . Phase I of Project Volta Extended revenue growth and visibility 255 223 . Phase II of Project 174 108 Volta Extended 101 0 Reported Reported 63 Revenue: Revenue: • Strong revenue growth from consolidation of Galata €36MM €40MM 107MM € • 44 Clear and effective strategy for delivering organic growth Reported Revenue: Revenue: Reported 179 52 • Strong demand for telecom site rental outsourcing services in 2012 2013 2014 Additional Annual 191 65 Revenues from 2015 Europe Excluding Acquisitions (2) Acquired Revenues 205 80 0 M&A Source: Company Information , Arthur D Little (1) Based on Arthur D. Little estimates. (2) Excludes acquired revenues from TowerCo, Volta Phase I, II, III and Volta Extended Phase I. Overview Presentation Cellnex 8 Telecom Site Rental Multi-Tenancy: Our Track Record Strong Lease Up Track Record across Tower Portfolios 192 21 216 73 (4) 240 125 Strong, Consistent Increase in Tenancy Ratios Increase in Average Revenue per Site €000 1.81x 186 88 (1) 1.71x Increase due to 245 163 1.66x acquisition of sites as 127 13 part of Volta Extended 21.9 Overall with a different 2012 2013 2014 revenue per site profile 232 182 1.68x 16.3 208 106 (2) 14.5 208 106 1.43x 1.09x 255 223 Telecom Sites 2012 2013 2014 174 108 101 0 (3) 2.15x 2.13x 2.09x 179 52 191 65 205 80 Hybrid / Other 2012 2013 2014 2012 2013 2014 Source: Company information (1) Based on total number of telecom sites including sites used to provide broadcasting and network services. (2) Based on telecom sites in relation to projects with mobile operators only. (3) Includes sites used to provide telecom site rental and broadcasting services. (4) Average annual revenue per site takes into account timing of each site acquisition and site portfolios have been adjusted for the period of their revenue contribution in a given fiscal year. Overview Presentation Cellnex 9 Telecom Site Rental Growing Adoption of Telecom Site Rental Growth in PoP outpacing growth of sites demonstrating increased adoption of 192 21 multi-tenancy 216 73 240 125 Evolution of Number of Sites in Spain Evolution of PoP in Spain Sites, 000s PoP, 000s ~0-1% ~3% 10.1% ~0-1% ~3% 11.7% 186 88 245 163 127 13 1.11x 1.18x 1.32x 1.44x 70.8 49.2 60.7 232 182 46.0 43.8 44.9 208 106 52.9 208 106 48.5 53.7 41.3 255 223 43.6 43.6 51.4 174 108 48.2 101 0 Volta Extended Phase II Volta Extended Phase II 0.6 0.3 4.4 6.5 179 52 ~0-0.4 ~1.3 ~0-0.5 ~1.5 191 65 2010A 2012A 2014A 2019E 2010A 2012A 2014A 2019E Share of Outsourced Sites 205 80 Outsourced(1) Self-provisioned Outsourced(2) Self-provisioned Share of Outsourced PoP Tenancy Ratio Source: Company information, Arthur D.
Load more

Recommended publications
  • Wilmington Funds Holdings Template DRAFT
    Wilmington Global Alpha Equities Fund as of 5/31/2021 (Portfolio composition is subject to change) ISSUER NAME % OF ASSETS USD/CAD FWD 20210616 00050 3.16% DREYFUS GOVT CASH MGMT-I 2.91% MORGAN STANLEY FUTURE USD SECURED - TOTAL EQUITY 2.81% USD/EUR FWD 20210616 00050 1.69% MICROSOFT CORP 1.62% USD/GBP FWD 20210616 49 1.40% USD/JPY FWD 20210616 00050 1.34% APPLE INC 1.25% AMAZON.COM INC 1.20% ALPHABET INC 1.03% CANADIAN NATIONAL RAILWAY CO 0.99% AIA GROUP LTD 0.98% NOVARTIS AG 0.98% TENCENT HOLDINGS LTD 0.91% INTACT FINANCIAL CORP 0.91% CHARLES SCHWAB CORP/THE 0.91% FACEBOOK INC 0.84% FORTIVE CORP 0.81% BRENNTAG SE 0.77% COPART INC 0.75% CONSTELLATION SOFTWARE INC/CANADA 0.70% UNITEDHEALTH GROUP INC 0.70% AXA SA 0.63% FIDELITY NATIONAL INFORMATION SERVICES INC 0.63% BERKSHIRE HATHAWAY INC 0.62% PFIZER INC 0.62% TOTAL SE 0.61% MEDICAL PROPERTIES TRUST INC 0.61% VINCI SA 0.60% COMPASS GROUP PLC 0.60% KDDI CORP 0.60% BAE SYSTEMS PLC 0.57% MOTOROLA SOLUTIONS INC 0.57% NATIONAL GRID PLC 0.56% PUBLIC STORAGE 0.56% NVR INC 0.53% AMERICAN TOWER CORP 0.53% MEDTRONIC PLC 0.51% PROGRESSIVE CORP/THE 0.50% DANAHER CORP 0.50% MARKEL CORP 0.49% JOHNSON & JOHNSON 0.48% BUREAU VERITAS SA 0.48% NESTLE SA 0.47% MARSH & MCLENNAN COS INC 0.46% ALIBABA GROUP HOLDING LTD 0.45% LOCKHEED MARTIN CORP 0.45% ALPHABET INC 0.44% MERCK & CO INC 0.43% CINTAS CORP 0.42% EXPEDITORS INTERNATIONAL OF WASHINGTON INC 0.41% MCDONALD'S CORP 0.41% RIO TINTO PLC 0.41% IDEX CORP 0.40% DIAGEO PLC 0.40% LENNOX INTERNATIONAL INC 0.40% PNC FINANCIAL SERVICES GROUP INC/THE 0.40% ACCENTURE
    [Show full text]
  • Euro Stoxx® Total Market Index
    EURO STOXX® TOTAL MARKET INDEX Components1 Company Supersector Country Weight (%) ASML HLDG Technology Netherlands 3.45 LVMH MOET HENNESSY Consumer Products & Services France 2.76 LINDE Chemicals Germany 2.40 SAP Technology Germany 2.38 TOTAL Energy France 1.99 SANOFI Health Care France 1.88 SIEMENS Industrial Goods & Services Germany 1.84 ALLIANZ Insurance Germany 1.74 L'OREAL Consumer Products & Services France 1.55 IBERDROLA Utilities Spain 1.38 SCHNEIDER ELECTRIC Industrial Goods & Services France 1.35 AIR LIQUIDE Chemicals France 1.33 ENEL Utilities Italy 1.32 BASF Chemicals Germany 1.23 ADYEN Industrial Goods & Services Netherlands 1.13 ADIDAS Consumer Products & Services Germany 1.13 AIRBUS Industrial Goods & Services France 1.08 BNP PARIBAS Banks France 1.05 DAIMLER Automobiles & Parts Germany 1.03 ANHEUSER-BUSCH INBEV Food, Beverage & Tobacco Belgium 1.02 DEUTSCHE TELEKOM Telecommunications Germany 1.02 BAYER Health Care Germany 1.00 VINCI Construction & Materials France 0.98 BCO SANTANDER Banks Spain 0.93 Kering Retail France 0.87 AXA Insurance France 0.86 PHILIPS Health Care Netherlands 0.85 SAFRAN Industrial Goods & Services France 0.85 DEUTSCHE POST Industrial Goods & Services Germany 0.84 INFINEON TECHNOLOGIES Technology Germany 0.84 Prosus Technology Netherlands 0.83 ESSILORLUXOTTICA Health Care France 0.80 DANONE Food, Beverage & Tobacco France 0.73 INTESA SANPAOLO Banks Italy 0.73 MUENCHENER RUECK Insurance Germany 0.72 PERNOD RICARD Food, Beverage & Tobacco France 0.66 ING GRP Banks Netherlands 0.64 HERMES INTERNATIONAL
    [Show full text]
  • Hbbtv Newsletter December 2020
    View this email in your browser Message by the Chairman Dear Member, dear Colleague, An eventful year with many challenges is drawing to a close. Each and every one of us will remember 2020. We were all made aware of how vulnerable our economies, our societies and all of us really are and that the value of personal conversation and real meetings cannot be fully replaced by teleconferences. Nevertheless, the HbbTV Association has impressively confirmed its ability to act during this difficult time and has continued its assignments without interruption. The Targeted Advertising Specification (HbbTV-TA) celebrated its successful launch in February (Our last and only Steering Group meeting in person this year... How great this was.). This was followed by the versions 2020-1 and 2020-2 of the Conformance Test Suite and, at the end of October, an update of our core specification, HbbTV 2.0.3. The next version 2.0.4 is already on the launch pad as the requirements have recently been agreed as part of our revamped and quite efficient requirement capture process. With the Privacy Task Force, the HbbTV Association wants to support its members in ensuring compliance with GDPR and privacy regulations while still making the best possible usage of HbbTV's powerful interactive features. With deep regrets we had to cancel our 9th HbbTV Symposium and Awards, which was planned for November 2020 in Paris at the invitation of Salto, and the celebration of our 10th anniversary also had to be cancelled. Instead, we launched a successful series of virtual events in June with the HbbTV webinars, which is now considered a benchmark for many in the industry and provides an excellent opportunity to disseminate the benefits of HbbTV to the broader ecosystem; this is one of the good things that resulted from the painful virus situation.
    [Show full text]
  • IQSI IQ Candriam ESG International Equity ETF Q1 Holdings
    Schedule of Investments ─ IQ Candriam ESG International Equity ETF July 31, 2020 (unaudited) Shares Value Shares Value Common Stocks — 99.4% Common Stocks (continued) Australia - 8.0% Belgium (continued) Alumina Ltd. 26,705 $ 29,110 Umicore SA .................... 1,980 $ 93,514 .................... * AMP Ltd. ...................... 34,617 36,370 Total Belgium 597,926 Ampol Ltd. ..................... 2,466 46,476 APA Group..................... 12,077 95,271 Chile - 0.0%(a) ASX Ltd. ...................... 1,960 116,174 Antofagasta PLC ................. 3,609 48,671 AusNet Services ................. 18,374 23,455 Australia & New Zealand Banking Group China - 0.9% Ltd. 27,245 350,916 ...................... Alibaba Health Information Technology Ltd.* 40,385 111,512 BHP Group Ltd. 30,113 793,636 .................. China Gas Holdings Ltd. 19,166 57,620 BHP Group PLC 21,055 457,354 ............ ................. CSPC Pharmaceutical Group Ltd. ...... 49,090 102,991 BlueScope Steel Ltd. 5,121 41,096 .............. Fosun International Ltd. 25,389 28,926 Boral Ltd. 12,274 31,600 ............. ...................... Geely Automobile Holdings Ltd. 52,544 110,509 Brambles Ltd. 15,570 120,370 ........ ................... Haier Electronics Group Co., Ltd.(b) ...... 12,540 43,444 Coca-Cola Amatil Ltd. 5,239 30,734 .............. Prosus NV* ..................... 4,077 395,809 Cochlear Ltd. 652 88,943 ................... Shimao Group Holdings Ltd. 11,833 50,155 Computershare Ltd. 4,730 45,556 .......... ............... Sun Art Retail Group Ltd. ............ 17,990 24,977 CSL Ltd. ...................... 4,635 897,810 Dexus ........................ 11,127 67,908 Total China 925,943 Fortescue Metals Group Ltd. ......... 17,329 216,363 Goodman Group ................. 18,522 224,882 Colombia - 0.0%(a) GPT Group (The) 19,916 55,417 Millicom International Cellular SA ......
    [Show full text]
  • 5G Observatory Quarterly Report 12 up to June 2021
    5G Observatory Quarterly Report 12 Up to June 2021 A study prepared for the European Commission DG Communications Networks, Content & Technology by: 5G Observatory – Quarterly Report #12 This study was carried out for the European Commission by IDATE DigiWorld Authors: Frédéric PUJOL, Carole MANERO, Basile CARLE and Santiago REMIS 90013 – July 2021 Internal identification Contract number: LC-00838363 SMART number 2019/009 DISCLAIMER By the European Commission, Directorate-General of Communications Networks, Content & Technology. The information and views set out in this publication are those of the author(s) and do not necessarily reflect the official opinion of the Commission. The Commission does not guarantee the accuracy of the data included in this study. Neither the Commission nor any person acting on the Commission’s behalf may be held responsible for the use which may be made of the information contained therein. © European Union, 2020. All rights reserved. Certain parts are licenced under conditions to the EU. www.idate.org © IDATE DigiWorld 2021 – p. 2 5G Observatory – Quarterly report #12 Contents 1. Executive summary ............................................................................................................. 7 Status of 5G deployment in Europe and assessment against the 5G Action Plan..................................................... 7 5G deployment outside Europe .............................................................................................................................. 9 Framework conditions
    [Show full text]
  • FTSE Publications
    2 FTSE Russell Publications FTSE Developed Eurozone Minimum 19 August 2021 Variance Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 1&1 AG 0.14 GERMANY Erste Group Bank 0.11 AUSTRIA Muenchener Rueckversicherungs Reg 0.03 GERMANY A2A 0.22 ITALY EssilorLuxottica 0.47 FRANCE Naturgy Energy Group SA 0.38 SPAIN Acciona S.A. 0.1 SPAIN Eurazeo 0.13 FRANCE Neoen S.A. 0.37 FRANCE Ackermans & Van Haaren 0.76 BELGIUM Eurofins Scienti 0.77 FRANCE Neste Oyj 0.36 FINLAND Adidas 0.14 GERMANY Euronext 0.83 FRANCE NN Group 0.07 NETHERLANDS Adyen 0.72 NETHERLANDS Evonik Industries AG 0.1 GERMANY Nokia 0.32 FINLAND Aena SME SA 0.05 SPAIN Evotec 0.35 GERMANY Nokian Tyres 0.26 FINLAND Ageas 0.1 BELGIUM Ferrari NV 0.46 ITALY Nordea Bank Abp 0.2 FINLAND Ahold Delhaize 1.31 NETHERLANDS Ferrovial 0.26 SPAIN Orange 0.67 FRANCE AIB Group 0.03 IRELAND Fielmann 0.68 GERMANY Orion B 1.15 FINLAND Air Liquide 0.54 FRANCE Finecobank 0.24 ITALY ORPEA 0.47 FRANCE Akzo Nobel 0.71 NETHERLANDS Fortum 0.24 FINLAND Pernod Ricard 0.92 FRANCE Ald SA 0.15 FRANCE Fresenius Medical Care 1.04 GERMANY Pirelli & C 0.19 ITALY Allianz SE 0.03 GERMANY Fresenius SE & Co KGaA 0.39 GERMANY Plastic Omnium 0.18 FRANCE Alstom 0.56 FRANCE Fuchs Petrolub Pref SE 0.36 GERMANY ProSiebenSat.1 Media SE 0.19 GERMANY Amplifon 0.26 ITALY Fuchs Petrolub SE 0.32 GERMANY Prosus 0.33 NETHERLANDS Amundi 0.12 FRANCE Galapagos Genomics NV 0.1 NETHERLANDS Proximus 0.76 BELGIUM Andritz 0.6 AUSTRIA Galp Energia SGPS SA 0.19 PORTUGAL Prysmian 0.22 ITALY Argenx S.E 0.25 BELGIUM GEA Group AG 0.17 GERMANY Publicis Groupe 0.36 FRANCE Arkema 0.06 FRANCE Gecina 0.4 FRANCE Puma 0.06 GERMANY Aroundtown SA 0.36 GERMANY Generali 0.41 ITALY Qiagen Nv 1.2 GERMANY ASML Holding 0.25 NETHERLANDS Getlink 0.06 FRANCE Raiffeisen Bank International 0.18 AUSTRIA ASR Nederland 0.04 NETHERLANDS Glanbia 1.08 IRELAND Randstad NV 0.13 NETHERLANDS Atos SE 0.17 FRANCE Grandvision B.V.
    [Show full text]
  • FTSE Publications
    2 FTSE Russell Publications FTSE Developed Europe ex UK ex 19 August 2021 Controversies ex CW Index Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 1&1 AG 0.02 GERMANY BMW 0.41 GERMANY Engie 0.27 FRANCE A P Moller - Maersk A 0.14 DENMARK BMW AG Pref 0.06 GERMANY Eni 0.37 ITALY A P Moller - Maersk B 0.2 DENMARK BNP Paribas 0.81 FRANCE Epiroc A 0.17 SWEDEN A2A 0.04 ITALY Boliden 0.13 SWEDEN Epiroc B 0.09 SWEDEN Aalberts NV 0.06 NETHERLANDS Bollore 0.06 FRANCE EQT Partners AB 0.1 SWEDEN ABB 0.69 SWITZERLAND Bouygues 0.09 FRANCE Equinor ASA 0.24 NORWAY ABN AMRO Bank NV 0.06 NETHERLANDS Brenntag AG 0.17 GERMANY Ericsson A 0.01 SWEDEN Acciona S.A. 0.04 SPAIN Bureau Veritas S.A. 0.11 FRANCE Ericsson B 0.45 SWEDEN Accor 0.08 FRANCE Buzzi Unicem 0.03 ITALY Erste Group Bank 0.12 AUSTRIA Ackermans & Van Haaren 0.04 BELGIUM CaixaBank 0.16 SPAIN EssilorLuxottica 0.65 FRANCE ACS Actividades Cons y Serv 0.08 SPAIN Campari 0.08 ITALY Essity Aktiebolag B 0.24 SWEDEN Adecco Group AG 0.12 SWITZERLAND Capgemini SE 0.36 FRANCE Eurazeo 0.05 FRANCE Adevinta 0.05 NORWAY Carl Zeiss Meditec 0.08 GERMANY Eurofins Scienti 0.17 FRANCE Adidas 0.85 GERMANY Carlsberg (B) 0.22 DENMARK Euronext 0.11 FRANCE Adyen 0.84 NETHERLANDS Carrefour 0.14 FRANCE Evolution AB 0.3 SWEDEN Aegon NV 0.09 NETHERLANDS Casino Guichard Perrachon 0.02 FRANCE Evonik Industries AG 0.08 GERMANY Aena SME SA 0.14 SPAIN Castellum 0.08 SWEDEN Evotec 0.08 GERMANY Aeroports de Paris 0.04 FRANCE CD Projekt SA 0.04 POLAND Exor NV 0.1 ITALY Ageas 0.12 BELGIUM Cellnex Telecom SAU 0.46 SPAIN Fastighets AB Balder B 0.08 SWEDEN Ahold Delhaize 0.35 NETHERLANDS Chr.
    [Show full text]
  • IRIS 2018-2 INTERNATIONAL Many
    IRIS 2018-2 INTERNATIONAL FR-France COUNCIL OF EUROPE Television film infringe copyright of works by a Resis- European Court of Human Rights: Fuchsmann v. Ger- tance author.............................................13 Decree concerning the ban on advertising in children’s many .................................................. ...3 programmes on public TV................................14 European Court of Human Rights: Frisk and Jensen v. Denmark .............................................. ...4 Public audiovisual reform bill announced............... ..15 European Court of Human Rights: MAC TV s.r.o. v. Slo- CSA defends respect for women ....................... ..15 vakia .................................................. ...5 Parliamentary Assembly: Resolution on the status of GB-United Kingdom journalists in Europe ................................... ...6 ITV had not breached an individual’s privacy by identi- EUROPEAN UNION fying her partner who was a police suspect ............ ..16 Court of Justice of the European Union: Judgments on Claim of joint authorship rejected by the IPEC in the Flo- State aid and digital terrestrial television operators in rence Foster Jenkins case ................................17 Government designates regulator for age verification of Spain .................................................. ...6 European Commission: Member States referred to the online pornography ......................................18 Court of Justice of the European Union over collective IE-Ireland rights management Directive .........................
    [Show full text]
  • TD Ameritrade Spanish Financial Transactional Tax Impacted
    TD Ameritrade Spanish Financial Transactional Tax-Impacted Securities PO Box 2760 Omaha, NE 68103-2760 Fax: 866-468-6268 Cusip Symbol Description Cusip Symbol Description E7390Z100 MRPRF MERLIN PROPERTIES E7366C101 SMIZF MELIA HOTELS SOCIMI S.A. EUR1 INTERNATIONAL SA COM E0304S106 CDNIF LOGISTA HOLDINGS COM E67674106 BABWF INTL CONSOL AIRLINES E526K0106 ANNSF AENA SME S.A. COM GRP SA COM E2R41M104 CLNXF CELLNEX TELECOM SAU 879382109 TEFOF TELEFONICA SA COM COM E97579192 VSCFF VISCOFAN SA COM E5R71W108 GMPUF GESTAMP AUTOMOCION E9853W160 ZRDZF ZARDOYA-OTIS COM COM 00089H106 ACSAY ACS ACTIVIDADES DE E8S56X108 PGUUF PROSEGUR CASH COM CONSTRUCCIO ADR E04648114 AMADF AMADEUS IT GROUP SA UNSPONSORED COM 00444E103 ANIOY ACERINOX SA ADR E38028135 EBRPF EBRO FOODS SA COM UNSPONSORED E11805103 BBVXF BANCO BILBAO VIZCAYA 00774W103 ANYYY AENA SME S.A. ADR ARGENTARI COM 02263T104 AMADY AMADEUS IT GROUP SA E2R23Z164 BNKXF BANKIA S.A. COM ADR UNSPONSORED E2116H880 BKIMF BANKINTER SA COM 05946K101 BBVA BANCO BILBAO VIZCAYA E15819191 BNDSF BANCO DE SABADELL SA ARGENTARI ADR COM SPONSORED E19790109 BCDRF BANCO SANTANDER SA 059568105 BNDSY BANCO DE SABADELL SA COM ADR UNSPONSORED E7S90S109 GASNF NATURGY ENERGY GROUP 05964H105 SAN BANCO SANTANDER SA S.A. COM ADR SPONSORED E5701Q116 GCNJF GRUPO CATALANA 066449109 BNKXY BANKIA S.A. ADR OCCIDENTE SA COM UNSPONSORED E6271Z155 ISMAF INDRA SISTEMAS S.A COM 066460304 BKNIY BANKINTER SA ADR E49512119 FRRVF FERROVIAL SA COM SPONSORED E52236143 FMOCF FOM CONST Y CONTRA 12803K109 CAIXY CAIXABANK SA ADR COM UNSPONSORED
    [Show full text]
  • Press Release
    press release Cellnex develops HbbTV technology for the new DTT audio- visual platform adapted to new consumption habits With this platform, Spanish broadcasters will be able to offer viewers the chance to catch up with the previous week's television content. Among other solutions, this platform will make it possible to watch programmes from the beginning even when they have already started Barcelona, 22 May 2018. Cellnex Telecom is the technological provider for the platform Spain's public broadcaster RTVE and its two large private broadcasting groups, Atresmedia and Mediaset, are working together to launch. This platform, which allows viewers to enjoy the advantages of linear DTT while they can access content and new non-linear services. The platform will harness the internet's capacity to improve viewer experience, offering more features, such as: • Viewing the contents of the previous week • Starting a programme from the beginning when it has already begun • Improved programming guide, etc. This new service is based on Hybrid DTT technology and will be available to viewers who have an internet-connected com- patible TV. The interactive TV standard HbbTV (Hybrid broadcast broadband TV), the basis of Hybrid DTT. As a key member of the European HbbTV Association, Cellnex has played an active role in developing the HbbTV standard from the outset, and is currently part of the Association's Steering Board. Hybrid broadcast broadband TV is the global initiative working to harmonise Broadcast-broadband services for viewers through connected TVs, set-top boxes and multi-screen devices. The HbbTV standard makes it possible to receive audiovisual content and services combining conventional DTT and Internet broadcaster services.
    [Show full text]
  • Televisión Abierta Situación Actual Y Tendencias De Futuro De La TDT
    Televisión Abierta Situación actual y Tendencias de futuro de la TDT Coordinador: Eladio Gutiérrez Montes Edita: Colegio Oficial de Ingenieros de Telecomunicación a través de su Grupo de Trabajo sobre la Función social de la TDT. La información y opiniones expresadas en esta publicación son fruto de la pluralidad e independencia de los autores y miembros del grupo. Coordinación general: Eladio Gutiérrez Montes © 2017, Colegio Oficial de Ingenieros de Telecomunicación © 2017, de los textos, los autores y miembros del grupo Impresión: AINERGESA SERVICES S.L, LANGAYO ISBN: 978-84-935049-5-3 Depósito Legal: M-43581-2016 Reservados todos los derechos Ficha catalográfica para citar esta edición: Televisión Abierta. Situación actual y Tendencias de futuro de la TDT. Eladio Gutierrez (coordinador) [et al.]. Colegio Oficial de Ingenieros de Telecomunicación. 2017 TELEVISIÓN ABIERTA SITUACIÓN ACTUAL Y TENDENCIAS DE FUTURO DE LA TDT Colegio Oficial de Ingenieros de Telecomunicación Autores Eladio Gutiérrez Montes (Coordinador) José María Álvarez Monzoncillo Javier López Villanueva Enrique Bustamante Ramírez Andrés Mazaira Castro Miguel Ángel Casado del Rio Mercedes Medina Laverón Francisco Campos Freire Juan Carlos Miguel de Bustos José Luis Fernández Carnero Jaume Pujol Huguet Mª Trinidad García Leiva Josep Ventosa Freixedes Josep Àngel Guimerà Orts Ramón Zallo Elguezabal 5 Índice de contenidos del libro PRÓLOGO .......................................................................................................................... 9 1. INTRODUCCIÓN
    [Show full text]
  • Financial Statement (Pdf, 1.8
    Deutsche Telekom AG Annual Financial Statements and combined management report as of December 31, 2020 Annual Financial Statements 3 Contents Contents Annual financial statements of Deutsche Telekom AG 6 Balance sheet 7 Statement of income 8 Notes to the financial statements 8 Summary of accounting policies 16 Notes to the balance sheet 35 Notes to the statement of income 43 Other disclosures Responsibility statement Independent auditor’s report Further information 89 List of abbreviations 91 Contacts Combined management report – Excerpt from the 2020 annual report of Deutsche Telekom – A combined management report has been produced for Deutsche Telekom AG and the Deutsche Telekom Group and is also published in our 2020 Annual Report. Deutsche Telekom AG’s single-entity financial statements and the combined management report for the 2020 financial year are published in the electronic Federal Gazette (elektronischer Bundesanzeiger) and can also be accessed on the website of the register of companies. Annual Financial Statements 5 Contents Annual financial statements of Deutsche Telekom AG 6 Balance sheet 7 Statement of income 8 Notes to the financial statements 8 Summary of accounting policies 16 Notes to the balance sheet 35 Notes to the statement of income 43 Other disclosures Annual Financial Statements 6 Balance sheet Balance sheet millions of € Note Dec. 31, 2020 Dec. 31, 2019 Assets Noncurrent assets 1 Intangible assets 216 217 Property, plant and equipment 2,388 2,313 Financial assets 101,411 111,020 104,015 113,550 Current assets
    [Show full text]